In the age of digital transformation, where economic operators are increasingly navigating complex regulatory landscapes and demanding operational efficiency, the European Commission’s proposed European Business Wallet (EUBW) represents a pivotal opportunity. As a company at the forefront of Digital Trust Services and secure digital transformation, Namirial strongly supports this initiative—not just as a natural extension of the European Digital Identity Framework, but as a true game-changer for businesses across the continent.
Namirial’s unique positioning—as a Qualified Trust Service Provider (QTSP) and global leader in secure digital transaction management—makes us a committed contributor to shaping the EUBW in a way that aligns with market needs, EU policy objectives, and technological feasibility. This article outlines our vision, the rationale behind our advocacy, and why we believe the EUBW can unlock immense value for companies, particularly SMEs, across Europe.
From Fragmentation to Simplicity: The European Business Wallet’s Promise
For years, businesses in Europe have relied on a patchwork of national systems and digital tools that, while useful, are not always sufficient to cover all operational needs—especially for cross-border activities. Different national notification services, administrative platforms, and varying recognition of mandates and credentials often create gaps and inefficiencies that are felt most by SMEs. Recognizing these limitations, the European Commission has included a legislative proposal for the European Business Wallet—expected by the end of 2025 as outlined in the International Digital Strategy for the EU published on 5 June 2025—to help address these challenges and unlock new opportunities for seamless digital business across the EU.
The European Business Wallet aims to change that. Building upon the revised eIDAS Regulation, the EUBW is envisioned as a secure, interoperable, and cloud-based digital identity framework for legal entities and economic operators. It would enable companies to identify and authenticate themselves, receive and respond to official notifications, and share verifiable credentials in a standardized manner throughout the EU.
For Namirial, the EUBW is not just another digital tool. It is the cornerstone of a more agile, inclusive, and competitive European business landscape. Our goal is to help build a wallet ecosystem that empowers companies—not burdens them—while ensuring compliance, transparency, and efficiency in business operations.
Why Namirial Believes in the EUBW
1. Simplicity and Legal Certainty Through Representation
A fundamental difference between the EUBW and the European Digital Identity Wallet (EUDIW) lies in the nature of the identity holder. While the EUDIW rightly focuses on natural persons and personal credentials, the EUBW must reflect the operational reality of legal persons. In every business context, a legal entity does not act autonomously—it acts through individuals vested with legal representation powers.
Drawing from our experience, including our operational insights from Italy’s SPID system, Namirial emphasizes that digital business identities must always be anchored to a natural person empowered to act on behalf of the legal entity. In fact, Italy’s four-tier SPID model clearly illustrates that adoption only took off for models where a natural person’s identity is linked to a corporate role (e.g., “SPID Professional” Type 4). Conversely, SPID variants that offered only legal entity data—detached from a representative—saw virtually no adoption.
Namirial advocates for an EUBW model that mirrors real-world business logic: one that recognizes the essential legal link between people and the organizations they represent, allowing companies to create and manage wallets under their control, delegating specific roles and responsibilities to individual representatives, with proper authentication and traceability.
2. Alignment with EU Strategic Priorities: The Competitiveness Compass
It is explicitly included in the European Commission’s 2025 Work Programme and the “Competitiveness Compass,” a roadmap to improve the EU’s economic resilience, reduce red tape, and modernize digital infrastructure.
Namirial sees the EUBW as a high-impact lever to deliver on the political guidelines championed by the Draghi and Letta reports, which emphasize the urgent need to reduce administrative burdens on businesses and to create a more integrated Digital Single Market.
The EUBW can achieve this in several ways:
• Streamlining B2G and B2B interactions, such as licensing, procurement, and compliance submissions;
• Facilitating B2B due diligence, allowing verifiable credentials—like power of attorney or financial standing—to be exchanged seamlessly;
• Simplifying cross-border service delivery, ensuring that SMEs don’t face disproportionate burdens compared to larger players;
• Reducing reliance on paper-based or fragmented national systems, while integrating existing trust services like Qualified Electronic Signatures and Seals, eArchiving, and potentially even the new upcoming Digital Product Passport and eInvoice, thanks also the the ViDA initiative.
Namirial’s deep involvement in trust services—spanning electronic signatures, seals, time-stamping, certified delivery and electronic invoice —positions us to integrate these capabilities into the wallet architecture in a way that is both legally valid and user-friendly.
3. The Right Balance: Market-Driven Models and Innovation
While the EUDIW for citizens rightly includes public funding and a no-cost issuance model, the EUBW must reflect a different economic logic. This wallet is not a civil right—it is a business enabler. As such, Namirial strongly supports a market-driven approach to wallet issuance and service delivery.
The EUBW should enable a level playing field, where private Business Wallet Providers (BWPs)—including certified QTSPs like Namirial—can develop solutions tailored to different sectors, business sizes, and use cases. By fostering a modular and open architecture, the EUBW ecosystem can catalyze innovation around identity-linked services: from onboarding workflows to automated contract generation, ESG reporting, or cross-border regulatory filings.
4. Frictionless Integration with eIDAS Trust Services
The EUBW initiative must not reinvent the wheel but rather build upon the robust, standardized, and certified services already defined under eIDAS. Namirial’s experience as a qualified provider of Electronic Registered Delivery Services (QeRDS), Qualified Signatures and Seals, and eArchiving services makes us uniquely qualified to propose meaningful integrations between the wallet infrastructure and the existing trust framework.
These integrations are essential for the success of the EUBW. For example:
• QeRDS can handle official EU-wide notifications;
• QEAAs (Qualified Electronic Attestation of Attributes) can express company certificates, powers of attorney, licenses, or regulatory statuses with legal effect;
• eArchiving ensures that shared credentials and documents are preserved in a secure and compliant manner over time
• eInvoicing with electronic invoice rolling out in different European countries thanks to the ViDA initiative.
By embedding these services within the wallet, the EUBW becomes more than a container—it becomes an active facilitator of legally meaningful, verifiable, and auditable business interactions with concrete examples such as KYB processes.
5. Substantial Assurance for Real-World Use Cases
Namirial supports proportionality in security. Not all business interactions require the highest Level of Assurance (LoA High). In fact, our experience across hundreds of business onboarding and compliance workflows shows that LoA Substantial is both secure and user-friendly—and far more scalable.
The Commission should avoid setting LoA High as a blanket requirement for business use cases, as it could create unnecessary friction and discourage wallet adoption—especially among SMEs and micro-enterprises. Instead, LoA Substantial should be the baseline, with higher levels reserved for specific high-risk scenarios, such as financial transactions or critical infrastructure access.
Beyond Infrastructure: Unlocking New Business Value
Namirial believes that the EUBW should not just solve today’s problems. It should open the door to tomorrow’s opportunities. A well-designed business wallet can unlock:
• Automated onboarding and KYB processes for suppliers, customers, and partners;
• Tokenization of business credentials, making data programmable and auditable in complex value chains;
• Cross-border eProcurement and tender participation, lowering the barrier to procurement for SMEs;
• AI-driven compliance automation, using structured and verified data from wallets to prefill forms, trigger alerts, validate submissions, even if using certified company AI Agents.
Key Enablers: Attributes and Registers
To ensure trust, legal certainty, and automation, the Business Wallet must rely on verified attributes issued by authoritative sources. These sources should not only enable the creation of credentials and the registration of the legal entities themselves, but also cover the natural persons who are duly appointed to represent them. Even more crucial is the ability for these authoritative sources to provide continuous, up-to-date information so that any changes—such as a company being dissolved or a change in legal representation—are immediately reflected in the wallet’s credentials.
At Namirial, we strongly support the structured integration of:
• Company Registers, for verifying the legal status of an entity and its powers of representation;
• Professional Registries, to confirm role-based attributes (e.g., accountants, lawyers, auditors);
• Permits and Licenses, issued by competent national or sectoral agencies;
• Financial Identifiers, including VAT registrations, ESG ratings, or AML compliance status.
These attributes should be expressible through Qualified Electronic Attestations of Attributes (QEAA) and be mapped to the upcoming EU Company Certificate and Digital Power of Attorney, as envisaged in the EU Company Law Directive (EU) 2025/25. Ensuring this connection with real-time data feeds from authoritative sources will be key to maintaining accuracy, traceability, and trust in cross-border business interactions.
Conclusion: The Time Is Now
The European Business Wallet represents a once-in-a-generation opportunity to simplify how companies operate in the EU. It aligns with the Commission’s goals of reducing administrative burdens, enabling secure cross-border operations, and boosting competitiveness for internal market and influencing abroad the EU.
Namirial is ready to contribute—not only as a solution provider but as a partner in shaping the regulatory and technological foundations of the EUBW. We believe that private sector involvement is not only beneficial but essential. By fostering healthy competition, incentivizing innovation, and building on existing trust services, the EUBW can deliver on its promise: to make doing business in the EU simple, secure, and smart.
For us, the wallet is not the goal—it is the enabler. The real value lies in the services, interactions, and new opportunities it will unlock for European enterprises. Namirial is proud to help lead the way.
This is also why we are currently following the Single Market Strategy initiative that was recently announced mentioning the European Business Wallet for doing business simply and digitally in the EU, highlighting the timeline for the legislative proposal in Q4 2025. As Namirial we participated in the open consultation phase recently ended and participating into the Business Wallet for Trust EU in Brussel.
To conclude, Namirial is actively participating in public consultations, including the recent one we had the opportunity to join thanks to the Have your say portal of the European Commission (link). Thanks to our participation in events like TrustEU, we also recently had the chance to share our vision with key European institutions, including DG Connect, DG IT, and DG Grow. This commitment demonstrates our dedication to significantly contributing to the development of European policies and regulations in the digital trust sector.