Overview
- The Eurosystem shifts on 1 November to an operational phase that emphasizes implementation and stakeholder engagement.
- Work will run across three tracks: technical development, market outreach, and support to the legislative process.
- A small‑scale pilot to test initial transactions could begin as early as mid‑2027 to validate systems before scaling.
- Preparations aim to enable readiness for a possible issuance in 2029, with timelines kept flexible to align with legislation.
- Central banks will deepen collaboration with payment providers, merchants and consumers, while maintaining dialogue with EU co‑legislators.