In brief: Société Générale and BPCE would commit to the pilot of the digital euro

Despite the strong reluctance of French banks to the European Central Bank (ECB) digital euro project, COPD and Société Générale would be the only two French establishments to have applied for the pilot scheduled for the second half of 2027.

BPCE and Société Générale would be the only two French banks to have finally nominated to participate in the Pilot The European Central Bank's (ECB) digital euro is expected to start in the second half of 2027 for a period of one year.

This decision would take place despite a strong overall reluctance on the part of the French banks to this project, which expressed concerns about the cost, the mobilisation of skills and a potential impact on their liquidity, while favouring the European private Wero solution for payments.

The pilot, open to all payment service providers (PSPs) active in the euro area, would have attracted more than 50 applications, including Worldline's, and would aim to test the main features and refine the design of the digital euro. The ECB, for its part, welcomes the number of applications considering the diversity of profiles as an asset for the success of the pilot, whose final list of participants would be expected by July 2026.

The final decision on the introduction of a digital euro could only be taken at the end of the European legislative process, at best foreseen for 2029.

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