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EU Selects NOBID for Digital Wallet Payments Pilot

December 19, 2022

EU Selects NOBID for Digital Wallet Payments Pilot

The NOBID (“Nordic-Baltic eID”) consortium has been selected by European Union authorities for one of four separate digital identity pilots focused on enabling cross-border payments in line with the planned European Digital Identity Wallet.

The announcement comes after last week’s news that Scytáles and its partner Netcompany-Intrasoft had been chosen to develop the digital ID wallet itself. That consortium had indicated in a press release that its contract encompassed “development, consultancy, and support services,” but the latest news about NOBID appears to indicate that separate vendors will be involved in establishing the wallet’s payments functionality.

The involvement of iProov as part of NOBID, meanwhile, points to a prominent role for the selfie-based identity verification technology in which it specializes. In announcing NOBID’s selection, iProov explained that the project “will prove biometric-enabled Verifiable Credentials can address the emerging challenges of the increasingly complex world of payments.” The planned solution will support instant payments, “account-to-account transfers”, and transactions conducted online and in-person.

The NOBID consortium itself is being led by government officials representing Denmark, Germany, Iceland, Italy, Latvia and Norway. And it involves the cooperation of payments and financial services firms including Germany’s DSGV, Norway’s DNB and BankID, Denmark’s Nets, Iceland’s Greiðsluveitan, and the Italian firms Intesa Sanpaolo, PagoPA and ABILab.

iProov said in its announcement that the EU Commission’s Digital Programme pilot will begin in March of next year, adding, “The consortium will now go into a contracting and grant negotiation process with the EU Commission.”

Source: iProov

Filed Under: Carousel, Industry News Tagged With: Biometric, biometrics, digital identity pilots, digital payments, digital wallets, European Digital Identity Wallet, iProov, mobile wallets, NOBID, pilots, selfie onboarding

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