The European Central Bank (ECB) selects OVHcloud as one of the cloud providers for the technical infrastructure of the digital euro. The French company provides a sovereign European cloud solution operated entirely within the EU.
The ECB’s digital euro is intended to become a secure digital means of payment for electronic transactions in shops, online, or between individuals. The SEPI system (Secure Exchange of Payment Information), developed by Senacor Technologies, is being used for the technical realization of this project. OVHcloud provides a complete European cloud solution that meets the ECB’s stringent requirements.
The collaboration between OVHcloud and Senacor aims to ensure secure, compliant, and innovative cloud services. According to OVHcloud, the digital euro is a strategic project designed to protect Europe’s financial sovereignty. The cloud infrastructure is operated entirely within the EU, using certified data centers.
Sovereign and European
The ECB places high demands on the security, scalability, and sovereignty of the underlying infrastructure. By choosing a European cloud provider like OVHcloud, many of these criteria are met. This fits within Europe’s broader strategy to increase digital autonomy and reduce dependence on non-European cloud providers. In a sector dominated by major American players, OVHcloud is increasingly positioning itself as the European alternative for cloud infrastructure.
read also
CEO Klaba is Back: OVHcloud Wants to Shine and Plays its EU Trump Card
The SEPI system forms the backbone of the digital euro. This system ensures the secure exchange of payment information between all parties involved. OVHcloud provides the necessary cloud infrastructure for this, meeting the ECB’s strict compliance requirements.
OVHcloud operates as part of a consortium led by Senacor Technologies. The company not only provides the technical infrastructure but also supports the implementation of secure and compliant cloud services. Sylvie Houliere Mayca, Head of the EMEA region at OVHcloud, emphasizes that this partnership strengthens the company’s role as a European cloud leader.
According to Ruben Debeerst, partner principal consultant at Senacor, OVHcloud was a logical choice due to its expertise in European cloud solutions and focus on data and technological sovereignty. Both companies emphasize that the digital euro is a strategic project for the European financial market and that the chosen infrastructure must meet the highest security and scalability requirements.
Rollout in 2029
The Council of the European Union recently gave the green light for the further rollout of the digital euro. The red carpet has thus been rolled out. The European Central Bank, which will issue the digital euro, hopes to start an initial pilot project in 2027. The commercial rollout is planned for 2029. The digital euro will serve as a validated means of payment alongside cash and electronic payments.