The European Central Bank has chosen Telefónica and Indra, through Minsait, to deploy part of the digital euro infrastructure over ten years.
The European Central Bank (ECB) has awarded a consortium formed by Telefónica and Indra part of the technological infrastructure for the future digital euro. The consortium is one of the two winners selected by the institution, with Minsait, Indra's technological subsidiary, participating in it.
According to El Periódico, the contract will come into effect on May 3, 2027 and will last for ten years, as communicated by the companies themselves. The project includes the design, deployment, and operation of an infrastructure that will securely connect banks, fintech companies, and public and private payment providers.
The digital euro will be an electronic payment method that complements cash. It will be usable throughout the euro area, both for everyday purchases and for offline transactions.
Telefónica will be responsible for the deployment and operation of the communications infrastructure through Telefónica Global Solutions (TGS) and Telefónica Tech. Its contribution includes an MPLS network, which connects locations via secure private networks, and SD-WAN solutions to manage connectivity between sites and services, in addition to cybersecurity.
Minsait will provide the platforms and integration services that will connect applications, systems, and participants through application programming interfaces (APIs). Meanwhile, IndraMind Cybersecurity will provide digital identity solutions, certificates, and trust services.
The infrastructure will also feature a Security Operations Centre (SOC) to detect and respond to threats, monitor access, and encrypt communications between the platform's applications.
The initiative aims to create a secure and distributed infrastructure that facilitates interoperability among European financial agents.
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