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The EU Digital Identity Wallet: A guide for businesses

As the European Union moves toward full implementation of the EU Digital Identity Wallet (EUDI Wallet), businesses across sectors must prepare for a digital transformation in how identities are verified, customers are onboarded, and e-signatures are done.

This guide explores what the EUDI Wallet means for businesses and how Signicat is helping companies across Europe get ready.

What is the EU Digital Identity Wallet?

The EU Digital Identity Wallet is a government-backed digital wallet (mobile app) that lets EU residents store and share pre-verified personal details—like national IDs, diplomas, and driver’s licenses—to access services across the EU. Organisations can also get business wallets to prove company identity in B2B settings.

It is an initiative from the European Commission in collaboration with EU Member States.

Here are ten fundamental things every business should know.

Current outlook

The EUDI wallets will be rolled out in 2026. Regulated industries in the EU such as banks, financial services and public services requiring Strong Customer Authentication (SCA) are required by law to accept the EUDI wallets as a valid means of authentication by end 2027. 

What can users do with the EU Digital Identity Wallet?

The EUDI Wallet allows users to:

1. Login to services securely 

2. Prove personal attributes (e.g., age, nationality) without disclosing their full ID

3. Sign documents electronically at a highest level of assurance (QES level)

4. Make secure payments

The digital transformation opportunities are endless

    • Instant Account Opening: A user verifies their identity, shares verified credentials like proof of address and income, and signs digitally to open an account- all via the EUDI wallet and in minutes.
    • Cross-border lending: A German user applies for a loan in Spain. The bank accesses verified identity and creditworthiness data from the wallet, complying with local KYC laws while reducing fraud risk.
    • Secure e-mandates for SEPA: Use the wallet to issue and sign e-mandates for direct debit authorisation.
    • Trusted checkout for BNPL (Buy Now, Pay Later): User shares verified identity and credit history from wallet; payment provider assesses eligibility in real-time.
    • Merchant onboarding: PSPs can instantly verify legal representatives and UBOs of a business via EUDI Wallet credentials.
    • Strong Customer Authentication (SCA): Step-up authentication during high-value transactions using the EUDI Wallet 
    • Car rental without counter check-in: User verifies driver’s license and ID in advance through the wallet. Car keys are issued digitally after biometric authentication.
    • Shared mobility access: E-scooter or car-sharing apps verify age and identity through wallet before unlocking vehicles.
    • Cross-border transport passes: A commuter from Austria uses a German mobility service by sharing residency and student credentials to get discounted rates.
    • Instant player onboarding: Verify age and identity of players before allowing access to gambling platforms, satisfying regulatory requirements without lengthy manual checks.
    • Cross-border regulatory compliance: Platforms operating across multiple EU countries can onboard players with a harmonised identity framework, reducing legal complexity.
    • Digital policy issuance: Verify identities of policy seekers using the wallet. Customers can sign insurance contracts using Qualified Electronic Signatures from the wallet.
    • Verified health and driving credentials: During quote generation or claims, the user can share verified documents like medical records or driving history.
    • B2B onboarding: Verify company representatives and legal entities instantly for commercial insurance.

Frictionless. Secure. Interoperable

  • Government-grade assurance

  • Frictionless interactions

  • Tamper-proof credentials

  • Qualified Electronic Signatures

  • Privacy and GDPR at its core

  • Cross border interoperability

For businesses, this means

  • Easier cross-border operations

  • Reduced fraud

  • Easier compliance to KYC/AML regulations

Signicat – helping companies around the world prepare

    1. Issuing verified credentials to the wallet

    Signicat, a Qualified Trust Service Provider, helps businesses, government agencies, and wallet issuers issue verified credentials into any digital identity wallet including the EUDI Wallet. Verified credentials can be proof of income, insurance policy number or any other information held by a user. This capability has been recently demonstrated with the Norwegian government as part of the NOBID Large Scale Pilot.

    2. ID verification with the EUDI wallet

    Verify a user's identity and other attributes (such as age and address) via the EUDI Wallet as a seamless extension to verifying with eIDs or ID documents. From simple registrations to complex KYC, supporting both current and future methods ensures a smooth transition to a wallet-based future.

    3. Logging in with the EUDI wallet

    Adding an additional "Login via the EUDI wallet" option to your services provides both a secure (Strong Customer Authentication) and frictionless means of authentication. Plus, it helps regulated industries comply with regulations requiring mandatory acceptance of the wallet for authentication.

    4. Electronic signing via the wallet

    Adding the EUDI wallet in addition to eIDs and other current digital signing methods enables paperless signing of contracts and agreements. These signatures are tamper-proof, legally valid across the EU and offer the highest level of security (eIDAS Qualified Electronic Signatures) 

Your trusted partner- today and tomorrow

Signicat is a Qualified Trust Service provider, an organisation on the EU Trusted Service list, part of three EUDI Large Scale Pilots, plays an active role in shaping European standards and has a track record of offering banking grade services meeting the strictest security and compliance requirements in Europe.

As the leading digital identity solutions provider in Europe, Signicat is integrating wallet-based solutions to its current portfolio of solutions. This not only makes current solutions future proof but also enables a gradual and seamless transition to wallet-based solutions.