European Union to Reveal Plans for Digital Wallet: Report

European Union to Reveal Plans for Digital Wallet: Report

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.
  • Source