Norway, Iceland Join Consortium to Develop Payments Pilot for EU Digital ID Walletby Fintechnews Nordics September 20, 2022
The Nordic-Baltic eID Project (NOBID) is leading a consortium of six countries—Denmark, Germany, Iceland, Italy, Latvia and Norway—to deliver a cross-border payments pilot aligned with the aims of the European Commission’s EU digital identity wallet program.
The consortium’s proposal to be one of four EU digital identity wallet pilots focuses on payments, one of the top priority use cases in the EU’s digital ID wallet vision.
The EU digital identity wallet is a biometrically-secured app that, when it comes into being, will allow citizens across the continent to easily verify their ID, access services and store sensitive digital documents.
NOBID’s proposal leverages existing payment infrastructure to enable payment issuance, instant payments, account-to-account transfers and payment acceptance both in-store and online.
Merchants that will be testing out the payment solution include Elkjøp in Norway and REWE-group in Germany.
The project will be designed to complement wider EU plans to streamline cross-border payments such as the European Payments Initiative (EPI) and the Digital Euro.
NOBID’s proposal is supported by financial services players including DSGV in Germany, DNB and BankID in Norway, Nets in Denmark, Intesa Sanpaolo, PagoPA and ABILab in Italy and Greiðsluveitan in Iceland.
The consortium’s technology partners include Thales, iProov, Signicat, RB, Auðkenni, IPZS, Poste Italiane, Intesi Group, InfoCert, FBK and Latvian State Radio and Television Centre.
The Nordic-Baltic eID project was initiated under the umbrella of the Nordic Council of Ministers. The project works to harmonise the eID solutions in eight Nordic and Baltic countries and collectively adopt the eIDAS regulation.
“Digital payments have been part of the daily life of Norwegians for years. Leveraging our experience and expertise in this area makes a strong foundation for carrying out a large-scale pilot of the payment use case and the EU Digital Wallet,”
said Steffen Sutorius, Director of the Norwegian Digitalisation Agency.
“Iceland is a proud co-applicant in the NOBID project. Building a pilot of the EU Wallet with payments as a use case is an exciting yet challenging subject,”
said Andri H. Kristinsson, CEO at Digital Iceland.
Featured image credit: Edited from freepik