Business · Companies · 11 hrs ago
Telefónica and Indra selected to build digital euro communications infrastructure
The European Central Bank selected Telefónica and Indra’s Minsait to help build communications and security systems for the future digital euro.
Deutsche Telekom was selected as the other provider.
The systems are intended to securely connect banks, fintech companies and payment service providers taking part in the digital currency.
The digital euro is planned as a payment method across the euro area, alongside cash, and the infrastructure could support transactions without an internet connection.
Telefónica will provide network and cybersecurity services, while Minsait will help connect applications and provide digital identity and security services.
Their contract is due to start on 3 May 2027 and last 10 years.
The European Central Bank selected Telefónica and Indra’s Minsait as one of two providers for communications and security infrastructure for the future digital euro.
The other selected provider is Deutsche Telekom.
The infrastructure is intended to securely connect public and private intermediaries, including banks, fintech companies and payment service providers.
The Telefónica-Minsait contract is due to begin on May 3, 2027, and run for 10 years.
The future digital euro is described as a digital payment method accepted across the euro area and complementary to cash.
- Who
- Telefónica and Minsait, an Indra Group company, were selected by the European Central Bank.
- What
- They will design and deploy communications and security infrastructure for the future digital euro. Deutsche Telekom is the other selected provider.
- When
- The selection was reported on October 30, 2026. The contract is due to begin on May 3, 2027, and last 10 years.
- Where
- Across the euro area’s digital euro ecosystem.
- Why
- The infrastructure is intended to securely connect participating banks, fintech companies, payment service providers and other participants.
This story does not have two clearly opposing sides.
The European Central Bank’s selection of Telefónica and Minsait was reported.
The 10-year contract is due to enter into force.
- Selected companies
- Telefónica and Minsait, part of Indra Group
- Other provider
- Deutsche Telekom
- Contract start
- May 3, 2027
- Contract duration
- 10 years
- Infrastructure users
- Banks, fintech companies and payment service providers