The European Central Bank (ECB) has advanced that the development of the mobile application of the digital euro will integrate the most demanding accessibility standards and will exceed the obligations set by community regulations. These features will be tested through usability and accessibility trials within the pilot program planned for...
The Bank of Spain has warned that moving towards a cashless society represents a "high-risk scenario" and has insisted on the importance of retaining banknotes and coins as an essential tool for financial inclusion, while admitting that the evolution towards a fully digital economy "is not inevitable".In its analysis "Future...
The Bank of Spain accelerates its technological preparations for the digital euro. The institution has tendered a contract for IT services with an estimated maximum value of 70.2 million euros. The objective is to have teams capable of developing, implementing, maintaining, and evolving the infrastructures related to the digital euro and...
The Bank of Spain has launched a public competition to award a contract for technological services valued at 70.2 million euros, aimed at reinforcing the development, implementation, maintenance, and evolution of projects related to the digital euro and other sovereign digital currencies, as stated in the Public Sector Contracting Platform.This...
The Denaria association has asked the Spanish authorities that, in the Brussels trilogues on the Digital Euro Regulation and the legal tender of money, they firmly defend the guarantee of access and acceptance of cash throughout the European Union.In its statement, Denaria emphasizes that freedom of choice in payment methods...
The European Central Bank (ECB) has chosen 36 payment service providers (PSPs) from the euro area, including the Spanish companies CecaBank and Uinku Payments Entidad de Pago, to be part of the digital euro pilot program, which will start in the second half of 2027 and will last for 12...
The Denaria association urged the Spanish Government this Monday, particularly the Ministry of Economy, to establish objective criteria to measure access to cash, detect possible territorial or social deficiencies, and control the evolution of the cash provision and distribution network over time and throughout the country. This request comes after...
The plenary session of the European Parliament has backed this Thursday the start of talks with the Member States to design the legal framework for the digital euro, a new electronic form of money issued by the European Central Bank (ECB) with which the European Union aims to have its...
72% of Spaniards admit they do not know how the digital euro operates, according to the results of a survey on payment habits and methods conducted by the company Paynopain.The poll, carried out by Beruby based on the responses of 614 people, indicates that 44% of participants claim to have...
The CEO of Bankinter, Gloria Ortiz, has warned that a certain component of a bubble is perceived in financial markets, given their strong upward trend in recent months despite the multiple uncertainties that have been accumulating."Markets are decoupled from everything that is happening in geopolitics and are also behaving very...
The European Parliament's Committee on Economic and Monetary Affairs approved on Tuesday its position in favor of the digital euro, an electronic form of money issued by the European Central Bank (ECB) with which the European Union seeks to have its own alternative for digital payments and reduce dependence on...
At music festivals, attendees currently access drinks through token systems that remain stored on their wristbands for the entire duration of the concerts. A similar model is what the European Parliament intends to approve this Tuesday for the proposal of the digital euro. Lawmakers will unblock an initiative that had...
The governor of the Bank of Spain, José Luis Escrivá, has called for strengthening the coordinated action of supervisors and completing the European Banking Union, so that Community regulations guarantee an agile response capacity to a possible deterioration of the activity of a subsidiary located in another Member State.In his...
The project of the digital euro enters a decisive phase in European institutions. As reported by Expansión, members of the Committee on Economic and Monetary Affairs of the European Parliament (ECON) have agreed to endorse the presentation of the text to the European Parliament on June 23, with the aim of the Parliament giving the green...
The main financial entities of Spain and Portugal have addressed the simplification of the regulatory framework in a high-level meeting held with the Bank of Spain and the Bank of Portugal, as reported this Friday by the supervisor in a statement.The high-level meeting took place this Friday in Madrid, with...
The European Commissioner for Economy, Valdis Dombrovskis, has maintained this Tuesday that the single currency has the capacity to strengthen its international role and consolidate itself as a "credible alternative" to the dollar. To this end, he has urged progress on projects such as the digital euro, deepening the integration...
The president of the Spanish Banking Association (AEB), Alejandra Kindelán, considers that the digital euro would be a "complementary" tool to current private digital payment methods, such as Bizum, and rules it out as a priority choice due to the possible effect on bank deposits and the high cost that...