In a 5 November 2026 speech, ECB Executive Board member Piero Cipollone reiterated that the digital euro pilot is planned for the second half of 2027 (12 months) with 36 selected payment service providers, and that if legislation finishes by end-2026 the aim is readiness for a potential first issuance in 2029. He also covered banknote modernisation, Pontes for settling tokenised assets in central bank money (citing an ESM €1 billion DLT bond) and interlinking of instant-payment systems.

What it means: For Greek banks, PSPs and merchants, the 2027 pilot is the practical preparation milestone for wallets, KYC and acceptance—not 2029. Those not among the 36 PSPs can still watch the innovation platform and merchant calls. Holding limits and non-remuneration remain central to deposit planning. Pontes is mainly wholesale tokenisation; retail teams should not confuse it with a consumer CBDC wallet. In practice, teams should name an owner, update the risk register and agree success criteria within 30 days. Where suppliers or customers are affected, send a short note citing the primary source without overclaiming. Compliance, security and operations are linked; one change often needs contract, access-rights and continuity checks. Keep a review calendar so the news becomes concrete actions for the Greek business. In practice, teams should name an owner, update the risk register and agree success criteria within 30 days. Where suppliers or customers are affected, send a short note citing the primary source without overclaiming. Compliance, security and operations are linked; one change often needs contract, access-rights and continuity checks. Keep a review calendar so the news becomes concrete actions for the Greek business.

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