European Union to Reveal Plans for Digital Wallet: Report

The wallet is expected to be operational in around a year's time, according to the report.

Jun 3, 2021 at 9:46 a.m. UTC

Updated Sep 14, 2021 at 1:05 p.m. UTC

The European Union (EU) is set to announce plans for a digital wallet to store payment details and identity credentials among other information, according to reports.

The plans follow requests from member states to offer a secure way for citizens to access public services, Reuters reported Tuesday citing the Financial Times.
The wallet would store passwords and payment details, allowing access to local government websites and bill payments using a single digital identity.
EU officials are in talks with member states about a rollout. The wallet is expected to be operational in around a year's time, according to the report.

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