The European Commission has unveiled the European Business Wallet, a new digital initiative aimed at simplifying business operations across the EU. Announced by Commission President Ursula von der Leyen on January 29, 2025, as part of the EU Competitiveness Compass 2025, the initiative builds upon the existing eIDAS 2.0 framework that expanded digital identity capabilities in the EU. Key features of the European Business Wallet include: Secure storage and management of digital business credentials, licenses, and certificates; Cross-border interoperability for seamless operations across EU member states; Enhanced security measures building on eIDAS regulations; Streamlined regulatory compliance processes; Simplified digital credential management.