The workflow will focus on developing implementation specifications for ATM and terminal providers, as well as designing a certification and approval framework for payment solutions.
This initiative aims to integrate the potential digital euro with existing payment systems and hardware, support offline transactions, and achieve interoperability with standards adopted by various European countries, indicating a shift in policymaking towards implementation plans.
Workflow Focused on ATM Integration and Certification Framework
One of the workflows will draft implementation specifications for ATM and terminal providers, covering communication technologies, offline capabilities, and the reuse of existing payment standards.
These two workflows will report to the RDG, which includes representatives from merchants, payment service providers (PSPs), and consumers. Selected experts will provide technical support to facilitate the development of standardized rules.
European Central Bank Plans to Launch Digital Euro Pilot in 2027
The European Central Bank has previously stated that it will begin selecting EU-licensed PSPs in preparation for a 12-month digital euro pilot expected to start in the second half of 2027.
On February 18, ECB Executive Board member Piero Cipollone stated that the pilot program will include a limited number of merchants, euro system employees, and PSPs.
Details of the digital euro pilot program from the European Central Bank.
The European Central Bank has indicated that the final decision on whether to issue a digital euro will be made only after the relevant legislation is passed.