With a draft report presented by rapporteur Eero Heinäluoma, the ITRE committee has been involved in a critical stage of establishing the legal scope of the Business Wallet. The deadline for consultation just passed on April 21, and the paper will now be considered in normal, confidential legislative procedures.
The regulation is specifically designed to enable trusted digital interactions for businesses with administrations and economic actors, including identification, e-signatures, authentication, and transmission of data.
The rapporteur clarifies a shift from sharing documents to machine-readable, structured data and achieving full digital interoperability. It also emphasises that, rather than adding another platform layer, the wallet should be used as a “unifying” layer and seamlessly integrated with legacy systems, the EUDI, and data spaces.
Businesses are also included in the European Digital Identity Wallet, but it is mainly for individual citizens and is clearly distinguished.
Features of the Business Wallet are clearly tailored to business use to create a company-level digital identity system, rather than a personal ID.
The wallet aims to reduce friction for companies operating across member states, which face fragmented national systems and repeated processes.
Replacing paper-based processes, the Business Wallet has a built-in secure digital messaging system (QERDS) for legal communication.
The EU Business Wallet reflects the wider push towards interoperable, data exchange between many different parties involving businesses, administrations and national member states. Discover the themes at Tech in Gov 2027.
