Digital euro

Roles that need it

• Cash Management Product Manager
• Regulatory Change Analyst
• Product Owner (Banking)
• Retail Banking Advisor
• ALM Analyst

Skills it belongs to

• Payments and cards products (schemes, chargebacks, PSD2, open banking)
• Regulatory change impact assessment

Related concepts

• WeroWero is a European account-to-account payment wallet launched in 2024 by the European Payments Initiative, a company owned by European banks and payment providers. It runs on SEPA instant credit transfers and lets users pay with a phone number or email address instead of an IBAN, starting with person-to-person payments and expanding to online and in-store purchases.
• SEPA Instant Credit Transfer (SCT Inst)SEPA Instant Credit Transfer (SCT Inst) is the European Payments Council scheme for euro credit transfers that complete within 10 seconds, 24 hours a day, every day of the year. The payment is either credited and confirmed in time or rejected, and once credited it is irrevocable. Also called SEPA Instant or instant payments.
• TIPS (TARGET Instant Payment Settlement)TIPS is the Eurosystem service that settles instant payments in central bank money within seconds, 24 hours a day, every day of the year. Banks fund their TIPS accounts from their T2 main cash accounts. Euro area banks reachable for instant payments must be reachable in TIPS, and the service also settles other currencies, such as Swedish krona since 2024.

Sources

• Proposal for a Regulation on the establishment of the digital euro, COM(2023) 369, EUR-Lex (external site) accessed 31 Oct 2026
• Eurosystem moves to next phase of digital euro project, ECB press release, 30 October 2025 (external site) accessed 31 Oct 2026

Updated 31 Oct 2026.