The Council of the EU is set to consider a general approach on the proposed European Business Wallet regulation, a move that could reshape how mobile wallet providers and identity apps serve businesses across Europe.
The Telecommunications Council session on June 9 will take up the business wallet framework, which extends the European Digital Identity (EUDI) Wallet architecture from citizens to companies. If ministers adopt a general approach, the Council would establish its negotiating position for trilogue discussions with the European Parliament and Commission.
The proposal emerged from the European Commission’s Digital Omnibus package, introduced in late 2025, which aims to simplify rules on AI, cybersecurity, and data across the bloc. European Business Wallets would let companies manage licensing, compliance filings, tax registrations, and company certificates through a single digital interface, with machine-readable attestations shareable across all 27 EU member states.
For mobile wallet providers, the regulation opens a significant new market. The EUDI Wallet framework already requires member states to offer citizens digital identity wallets by the end of 2026, covering credentials from national IDs to mobile driver’s licenses. A parallel corporate credential layer would allow mobile identity apps that currently handle personal documents to extend their platforms to business attestations, adding authentication and document-sharing capabilities for corporate users.
The Commission has estimated the business wallet framework could unlock EUR 150 billion in annual savings for companies by digitizing administrative processes that currently rely on paper-based filings and in-person verification. The broader Digital Omnibus package targets EUR 5 billion in administrative cost reductions by 2029.
Implementation will require interoperability with existing national business registries and authentication standards for corporate representatives. Several member states have raised questions about timelines and the scope of attestations required at launch. The regulation builds on the eIDAS 2.0 trust services framework, which underpins the technical architecture for both citizen and business wallets.
The citizen-facing EUDI Wallet rollout continues in parallel, with ENISA setting security standards for wallet implementations and Mastercard participating in pilot projects for payment credential integration. Multiple large-scale testbeds are already running across the bloc, covering use cases from cross-border credential verification to age assurance.
Sources: Council of the EU
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By the Mobile ID World Editorial Team
