European Digital Euro Launch Schedule: Testing in 2027 and Issuance Target in 2029

The European Central Bank (ECB) has announced a comprehensive schedule for its digital euro project, a strategic initiative that will transform the payment landscape in Europe. With a development budget of €1.3 billion, this implementation plan reflects the ECB’s commitment to digital transformation of the regional financial system.

€1.3 Billion Investment and Implementation Timeline

Pilot testing of the digital euro is scheduled to take place by the end of 2027, with a potential official launch planned for 2029. The €1.3 billion investment is directed toward developing the necessary infrastructure and technology platforms to support this digital currency. This level of funding reflects the project’s scale and the ECB’s importance in ensuring the digital euro becomes the backbone of Europe’s digital payment ecosystem.

According to the latest developments, the schedule includes various preparatory phases designed to ensure a smooth transition to a fully digitized payment system.

Testing Phase and Payment Provider Mobilization

The next crucial step is to send out calls to payment service providers in early 2026—an almost imminent stage given the current timeline. This phase aims to identify and engage key players in the digital payment ecosystem who will become an integral part of the digital euro infrastructure.

With strengthened commitment, the ECB continues to pursue its vision of creating a modern, efficient payment system aligned with global financial technology developments. Although there has been speculation about potential leadership changes, the institution remains focused on executing this ambitious schedule, which will shape the future of Europe’s digital financial landscape.

The digital euro initiative is not just about technology—it’s about building a resilient and innovative pan-European payment infrastructure, ensuring the continent remains competitive in the global digital finance arena.