The European Commission proposes Regulation on European Business Wallets

The European Business Wallet is proposed under the EU's wider agenda to support a well-functioning single market. Currently, the use of digital tools in business operations varies significantly among Member States, which hampers fair competition and disproportionately affects SMEs and micro-businesses. The proposal lays the groundwork for a harmonized digital framework expected to generate up to 150 billion EUR in yearly savings for businesses.

Who is affected by the proposal?

The proposa…