EU
2021-08-30Entrepreneurship Research Center on G20 EconomiesEdit
The European Union (EU) is set to unveil plans for a bloc-wide digital wallet on 2nd June, following requests from member states to find a safe way for citizens to access public and private services online. The app will allow citizens across the EU to securely access a range of private and public services with a single online ID. The digital wallet will securely store payment details and passwords and allow citizens from all 27 countries to log onto local government websites or pay utility bills using a single recognized identity. The EU-wide app can be accessed via fingerprint or retina scanning among other methods, and will also serve as a vault where users can store official documents like the driver's license. Brussels is engaged in talks with member states to provide guidelines on technical standards for rollout of the digital wallet, which is expected to be fully operational in about a year.