PRESS RELEASE - nexo standards and the Berlin Group team up to support digital euro standards

Today, the Berlin Group announces a collaboration with nexo standards to align their standards as a support to the European Central Bank in the further design of the technical standards and implementation of the digital euro. Together, nexo and the Berlin Group’s standards support a fully harmonized payments value chain, from acceptance at the POI to the customer’s bank.

The complementary standards of nexo and the Berlin Group would ensure full interoperability of digital euro payments which is key to a successful rollout, as it will need to work across a range of acceptance devices, deployed by multiple private vendors. The aligned standards would also leverage the experience of the organizations in standardizing other payment means such as cards and instant payments, facilitating a smooth integration into existing payments infrastructures.

The full text of the press release can be found here.