PRESS RELEASE

PFSTECH selected by the ECB to pilot the digital euro with its Kíneox technology

The Spanish tech firm will participate in the European Central Bank’s test environment with use cases focused on programmable payments and automated collections

PFSTECH headquarters in Madrid

Madrid, 19 May 2025 – The European Central Bank (ECB) has selected PFSTECH to participate in the pilot of its new innovation platform for the digital euro. The Spanish company will take part in this testing environment through Kíneox, its solution specialised in the automation of payments and digital collection processes.

The ECB initiative aims to test, under real conditions, the most promising use cases of the digital euro as a new European monetary infrastructure. Only seven Spanish entities have been chosen for this experimental phase, placing PFSTECH as one of the most relevant tech players in the digital payments space.

“This milestone strengthens our commitment to innovation and our active contribution to the development of more efficient, secure, and accessible financial solutions,” said PFSTECH’s management team.

“Taking part in the digital euro pilot validates Kíneox’s ability to anticipate the evolving needs of the European financial sector,” they added.

Use cases focused on programmable payments

Over the next nine months, PFSTECH will operate within the ECB’s regulatory sandbox to explore advanced functionalities of the digital euro, such as smart payment programming. This includes, for instance, automating payment commitments linked to specific dates, events, or agreements, thanks to programmable wallets with guaranteed fund availability.

These types of operations could enhance the traceability and reliability of collections, reduce traditional frictions such as liquidity failures, and increase the overall efficiency of the system.

Innovation with a European impact

Participation in this pilot forms part of PFSTECH’s strategy to lead the technological transformation of the financial ecosystem through scalable and applied solutions. The company, with international presence and a growing network of institutional clients, will provide the ECB with findings and improvement proposals following the test phase, actively contributing to shaping the future of money in Europe.

About PFSTECH: a multinational leader in software, data, and Artificial Intelligence solutions focused on credit lifecycle management. With a turnover of €45 million and nearly 600 employees, PFSTECH has seen significant growth in recent years. It currently operates in 27 countries, with offices in Spain, France, Germany, Mexico, Argentina, Chile, Colombia, and Peru.

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Press contact: Ana Salvá | ana@comms-studio.com | +34 652799707