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Latest business news, analysis and developments related to Digital Euro, with a focus on Europe, Latin America and cross-Atlantic business.
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The Italian initiative would shield small businesses from charges on low-value transactions, with negotiators considering either a €0.02 ceiling or a complete exemption. The proposal is not yet EU law and forms part of wider talks over how banks, merchants and the European Central Bank will share the cost of the new payment system.
EUBizNews Editorial••5 min read
The European Central Bank (ECB) has selected 36 payment service providers to participate in the pilot phase of the digital euro, marking a major milestone in the development of the European Union's future central bank digital currency. The year-long pilot will begin in the second half of 2027 and is intended to test the technical infrastructure, payment processes and user experience ahead of a potential launch in 2029.
EUBizNews Editorial•
The European Parliament has endorsed the development of the digital euro, a project designed to strengthen Europe's financial sovereignty, reduce dependence on foreign payment networks and modernize the region's digital economy.
EUBizNews Editorial•