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Events / Regulatory / ECB selects 36 PSPs for digital euro pilot
Regulatory CBDC pilot

ECB selects 36 PSPs for digital euro pilot

Analysis based on 23 articles · First reported Jul 14, 2026 · Last updated Jul 15, 2026

Sentiment
10
Attention
4
Articles
23
Market Impact
General
Live prominence charts, article sentiment distribution, and event development timeline available on the Ergen Dashboard
Market Impact

The digital euro pilot signals a major step toward a central bank digital currency in the euro area, potentially reshaping the European Union — European payments landscape. It may increase competition for traditional payment networks and stablecoins, while offering new opportunities for PSPs involved in the pilot.

Banking Financial Technology Payment Services
Event Summary

The European Union — European Central Bank (ECB) has selected 36 payment service providers (PSPs) from over 50 applicants to participate in a 12-month digital euro pilot starting in the second half of 2027. The pilot will test person-to-person and person-to-business payments, both online and offline, involving ECB and Eurosystem staff, selected merchants, and the chosen PSPs. The selected providers include major banks and fintechs such as Deutsche Bank, Adyen, Revolut, Stripe, UniCredit, and BPCE Group, with Italy having the highest number of participants. The pilot follows a preparatory phase concluded in October 2025 and aims to refine the digital euro's design and user experience. Legislative approval by the European Union — European Parliament is still required, with a vote in the ECON committee advancing the legal framework on June 23, 2026. The ECB targets potential issuance readiness by 2029, contingent on regulatory approval. The digital euro is intended to reduce European Union — Europe's dependence on non-European Union — European payment networks like Visa, Mastercard, and SWIFT, and to strengthen the bloc's monetary sovereignty.

Key Actions
80 European Union — European Central Bank selected 36 PSPs
70 European Union — European Parliament backed European Union — Digital euro
60 European Union — European Parliament started negotiations International — European Commission
50 European Union — European Central Bank targets 2029 issuance
30 Revolut phased out support Tether (cryptocurrency)
Entities Involved
cbnk
European Union — European Central Bank
The ECB is leading the digital euro pilot, selecting 36 PSPs to test the CBDC's functionality and operational processes.
Importance 100.0 Sentiment 10.0
curr
European Union — Digital euro
The digital euro is the central bank digital currency being piloted, with potential issuance by 2029.
Importance 100.0 Sentiment 10.0
alliance
Eurosystem
The Eurosystem, comprising the ECB and 19 national central banks, will host the pilot and provide staff for testing.
Importance 80.0 Sentiment 10.0
curr
European Union — Euro
The digital euro is a digital form of the euro, aiming to complement physical cash and reduce reliance on foreign payment networks.
Importance 80.0 Sentiment 10.0
govactor
European Union — European Parliament
The European Union — European Parliament's ECON committee voted to advance the digital euro's legal framework, a key step toward issuance.
Importance 70.0 Sentiment 10.0
alliance
European Union
The EU is advancing the digital euro as a means to strengthen monetary sovereignty and reduce dependence on foreign payment networks.
Importance 60.0 Sentiment 10.0
per
Piero Cipollone
ECB Executive Board member Piero Cipollone chairs the High-Level Task Force on a digital euro and welcomed the strong market interest.
Importance 60.0 Sentiment 10.0
per
Christine Lagarde
ECB President Christine Lagarde reiterated that the digital euro will complement cash and strengthen European Union — European sovereignty.
Importance 60.0 Sentiment 10.0
priv
Stripe
Stripe is among the selected PSPs, participating in testing digital euro payments.
Importance 50.0 Sentiment 15.0
govactor
International — European Commission
The International — European Commission is involved in legislative negotiations for the digital euro.
Importance 50.0 Sentiment 10.0
stock
Deutsche Bank
Deutsche Bank is among the selected PSPs, participating as a distributing or acquiring provider in the pilot.
Importance 50.0 Sentiment 15.0
stock
Adyen
Adyen, a major payment processor, is selected for the digital euro pilot, potentially expanding its role in European Union — European payments.
Importance 50.0 Sentiment 15.0
priv
Revolut
Revolut, a fintech with crypto services, is selected for the pilot and recently phased out support for Tether USDt.
Importance 50.0 Sentiment 15.0
stock
UniCredit
UniCredit, an Italian bank, is selected for the pilot, contributing to testing from Italy.
Importance 50.0 Sentiment 15.0
priv
BPCE Group
BPCE Group, a French banking group, is selected as a PSP for the digital euro pilot.
Importance 40.0 Sentiment 10.0
+ 35 more entities View on Dashboard
Relationships
European Union — European Central Bank related ↔ European Union
European Union — European Central Bank related ↔ Christine Lagarde
European Union — European Central Bank related ↔ International — European Commission
European Union — European Parliament related ↔ European Union
European Union — European Parliament related ↔ International — European Commission
European Union related ↔ Christine Lagarde
European Union related ↔ International — European Commission
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