The Commission is preparing to adopt, on 19 November 2025, an initiative known as the “European Business Wallet”. The main objective of this initiative is to extend the European digital identification framework to economic operators and public administrations.

At present, companies face fragmented, complex, and inefficient processes based on national standards and non-interoperable platforms, leading to high costs, loss of productivity, and limited competitiveness, particularly for SMEs.

Furthermore, the Commission concludes that the divergence of rules, technical systems, formats, and national procedures results in unequal access to services, reducing competitiveness, delaying digital transformation, and limiting the economic potential of businesses in regional markets. Current processes are often inefficient, leading to an estimated loss of around €2 trillion in total annual economic value due to reduced productivity and missed revenue opportunities.

According to the Commission, the initiative envisions a business landscape with specific technical and operational requirements that differ from those established for the EU Digital Identity Wallet for individuals — for example, traceability, integration with internal systems, and so forth.

The initiative is expected to address the main challenges identified by the Commission — the fragmentation of national portals, inefficient administrative processes, and complex compliance obligations — by providing a single, secure, and interoperable cloud-based identity solution. To this end, it should enable businesses to identify and authenticate themselves, share credentials, and receive official notifications across the EU using a harmonised and legally recognised identity infrastructure. This is intended to ensure efficient and digital information exchange, accelerate transactions, and strengthen trust in digital operations at EU level. The Business Wallet is expected to serve as a tool to facilitate B2G, B2B, and G2G interactions.

From the Commission’s perspective, the European Business Wallet will have significant economic, social, and environmental impacts.

Economic: greater efficiency, cost reduction, and stimulation of cross-border competitiveness.
Social: new opportunities for trusted service providers and expansion of business activities.
Environmental: reduction in paper usage, albeit with higher energy consumption.

The initiative is expected to particularly benefit SMEs and regions with strong cross-border trade, reinforcing digital transformation and the integration of the European market.

Our team remains at your disposal for further information.