EPC to Set EU Wallet Rules for Payment Providers

The European Payments Council will develop a framework for payment service providers, or PSPs, that use the EU Digital Identity Wallet. The framework will provide common guidance for integrating the wallet into payment services.

It will describe how PSPs can use the wallet to verify customers’ identities and support digital payment processes. The guidance is intended to promote a consistent approach among providers across the European Union.

The EU Digital Identity Wallet is a digital application that allows people to store and share verified identification data and electronic documents. The European Payments Council’s work will focus on the wallet’s use in the payments sector.