In brief: The Eurosystem sets the course for future European payments

The Eurosystem unveiled a global strategy to prepare for the future of payments in Europe in the context of accelerated technological innovation. Objectives: to strengthen the sovereignty, competitiveness and resilience of the European ecosystem, while opening the door to the opportunities offered by tokenisation and distributed registry technologies (DLT).

The strategic framework submitted by the Eurosystem aims to embrace all European payments: wholesale, inter-firm, retail and cross-border payments, in a unified approach. The ambition is clear: to strengthen the resilience and autonomy of the system while promoting innovation in a rapidly changing sector.

The roadmap assumes a framed opening to tokenised settlement assets. While the central bank currency remains the backbone of the system, tokenised deposits and euro-denominated stables are expected to play a complementary role, provided that they are strictly designed and regulated at European level. The strategy also encourages the standardization and automation of inter-firm payments in order to smooth economic trade.

Retail payments, Digital Euro is presented as a potential catalyst for private pan-European solutions, in a logic of coexistence rather than substitution. By consolidating its initiatives around the DLT, cross-border payments and digital, the Eurosystem is laying the foundations for a more innovative and competitive European payment ecosystem.

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