The European Central Bank (ECB) is seeking euro zone online and mobile commerce operators to check real-world payment conditions for a digital euro. The move is aimed at verifying how the payment system works and how convenient it is to use ahead of a possible launch of the digital euro.

On Sept. 16, Fintech News Switzerland reported that the ECB has started accepting applications from online shopping malls and mobile commerce operators to take part in a digital euro pilot. It has expanded the scope beyond 36 previously selected payment service providers to include merchants that receive payments.

Selected operators will accept payments using a beta version of the digital euro and test the process of linking the new payment method to existing online payment procedures. The beta version is functionally similar to the digital euro included in an EU legislative proposal but does not have legal tender status. It is also not the start of an official service for general customers.

The pilot will comprehensively check technical stability, operational procedures and user experience for payments. Participating merchants will submit opinions on customers' payment processes, system integration requirements and operators' needs, and the ECB plans to reflect them in its future design.

Eurosystem staff and everyday service providers such as cafeterias inside central bank premises will also take part in the test. National central banks may separately recruit local businesses. Operators selected through the public call will sign participation agreements with the ECB and must cooperate with payment service providers participating in the pilot.

The project is expected to run for 12 months from the second half of 2027. Participation is voluntary and no separate compensation or cost reimbursement will be provided. The application deadline is Oct. 27.

Issuing a digital euro has not been decided. The ECB plans to make a final decision on whether to issue it after the related EU legislation is adopted.