Digital Euro

Selection of Monei for Pilot Tests
The Spanish fintech company Monei has been selected by the European Central Bank to participate in the “Pioneer Workstream” of the digital euro. Alongside other European banks and payment service providers, Monei will conduct pilot tests in a controlled environment to assess the technical infrastructure of the digital euro. These tests will begin in the first quarter of 2025 and continue until May. The objective is to strengthen Europe’s financial sovereignty and reduce its dependence on non-European companies in the field of digital payments. (Sources: Cinco Dias, January 23, 2025)