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Spanish banking sector has made a case for the re-use of existing payments infrastructures for the introduction of a digital euro

11 octombrie 2023

Kicked off in November 2022, up to 30 banks, working in concert with infrastructure providers Bizum, Iberpay and Redsys, ran a PoC with the aim of undertaking an in-depth analysis of the technical, operational and business implications of the digital euro and its co-existance with existing payment instruments.

The tests encompassed various use cases for digital euro payments, including person-to-person transactions and payments in both online and physical commerce.

„The consortium say the results point the way to a digital euro design that would leverage existing payment rails and value-added services, such as the Spanish instant payment platform Bizum.” according to Finextra.

„In particular, Bizum would be prepared to interconnect with other potential European services. Its existing mechanisms for user registration, portability processes between different financial entities, authentication, transaction processing, fraud prevention and management, along with other available services or standards (eg instant payments), could be leveraged to ensure the same level of guarantees, security, and privacy offered by current payment methods in a future digital euro,” states the consortium. „Additionally, this approach could help reduce the significant effort required for deploying an entirely new infrastructure and the adaptations to be performed by market participants.”

The interconnection of faster payment services across Europe has been a long-term goal of the European Central Bank, which is expected to conclude its research into the implementation of a digital euro later this month.

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Anders Olofsson – former Head of Payments Finastra

Banking 4.0 – „how was the experience for you”

So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”

Many more interesting quotes in the video below:


In 23 septembrie 2019, BNR a anuntat infiintarea unui Fintech Innovation Hub pentru a sustine inovatia in domeniul serviciilor financiare si de plata. In acest sens, care credeti ca ar trebui sa fie urmatorul pas al bancii centrale?