The digital wallet the European Union is preparing is taking shape. The idea of community organization is European citizens have access to all our official documents from a single application, Like ID or Driving License. But not only that, it will also serve to save passwords or make official payments, for example, taxes or fines, in a simpler way.
project, known as european digital identity wallet, aspires to be an integrated system It can be used from anywhere in Europe and will serve to carry out a number of procedures, From renting a car or securely verifying your identity on online platforms. European Commission President Ursula von der Leyen has said that it is “an alternative to the model of large online platforms”.
This digital wallet is expected to be launched in 2024, But it is already quite advanced and many steps will be taken to fix it throughout this year. The pilot test is being carried out by NOBID (‘Nordic-Baltic eID Project’), a consortium formed in September 2022 by six EU countries: Germany, Denmark, Italy, Iceland, Norway and Latvia. An application has already been created that will be the prototype of the digital wallet of the future, and From March 2023, it will be available for test for some users.
The countries chosen for this pilot test are no coincidence, as they all stand to carry out multiple document digitization projects within their borders. For example, Denmark is one of the states where more citizens have their official documents digitally, and digital ID is mandatory in Latvia from this year.
Based on the results of this pilot, the European Parliament will decide on its implementation. At the moment, the European Council has already given the green light to the proposal for a European digital wallet, considering its potential benefits favorably. And it is that one of the great assets of the project is its payment infrastructure, with Payments can be made online or in physical stores, and transfers can be made from account to account, Just as it can currently be done with platforms like PayPal, Google Pay or Apple Pay. The main advantage over existing systems is that this wallet will be set up as a unified system within the European Union and can be used in any member state. Something that will speed up many of our processes even when we travel abroad, as it will make it easier for us to make hotel reservations or rent a car.