Business wallet EU identity – what it means and how it works
The Business Wallet is the EU’s new identity solution for companies. It gives organizations a secure, verifiable way to prove who they are and to exchange trusted business information across borders. The initiative sits within the wider European Digital Identity Framework, and it is designed to reduce administrative work, simplify compliance, and make cross-border trade more efficient.
At its core, the Business Wallet acts as a digital identity layer for legal entities. Instead of paperwork, certificates, and scattered systems, businesses will be able to use a single wallet to authenticate, sign, verify roles, and share proofs with authorities, partners, and regulated platforms.
This marks a major shift in how companies identify themselves online — one that will affect onboarding, compliance processes, and supply-chain data exchange across the EU.
Why the EU is introducing a Business Wallet
The EU wants to tackle several long-standing problems:
Company identity checks still rely on manual procedures.
Verifying authorizations, mandates, and roles is slow.
For context on how digital identity maturity varies, see Partisia’s analysis of Singpass vs MitID.
What businesses will keep inside the wallet
A Business Wallet will hold:
Company registration details
Licenses and permits
Authorizations and mandates
Compliance certificates
Digital signatures
Verifiable credentials that replace PDFs and scanned documents
These items can be shared in a controlled and verifiable way, without exposing unnecessary information.
How the Business Wallet works
The system follows a simple workflow:
Issuer – an authority or trusted body issues a credential.
Holder – the company stores the credential inside its wallet.
Verifier – a bank, authority, or partner checks the credential with a cryptographic proof.
This process avoids manual checks and removes the uncertainty that comes with unsecured documents.
Link to the EU Digital Identity Wallet
The Business Wallet is built alongside the EU Digital Identity Wallet (EUDI Wallet) for citizens. Together, they form a unified trust layer for the EU’s digital economy. Many workflows will rely on both — for example, a director using a personal EUDI wallet to act on behalf of a company via the Business Wallet.
The Europe Commission is already taking the necessary steps to realise this strong potential and has made it one of its highest priorities to ensure such business wallets at a European level. In fact, they both made it a flagship action as part of EU’s competitive compass from January 2025 and part of the EU Commission's work program. The motivation for this may be related to the reported 2 trillion euro loss in annual global economic value from lost productivity and revenue opportunities.
What's inside?
A Technical Solution
Practical use cases for a Business Wallet
The European Business Wallet (EUBW)
and more...
Business Wallet use cases
- Cross-border onboarding
Banks, regulators, and platforms will be able to verify companies instantly and securely.
- Procurement and tendering
Authorities can request trusted credentials rather than checking scattered documents.
- Contracts and signatures
Roles and mandates can be proven inside the wallet before signing.
- Supply-chain data exchange
Credentials can verify documentation tied to the Digital Product Passport (DPP) and environmental reporting.
- Compliance automation
Verified, digitally signed credentials reduce risk and shorten audit cycles.
Today, most business identity flows rely on emails, PDFs, and portals that require manual checking. The Business Wallet moves this to a cryptographically verified model. It also aligns with global trends toward secure digital identity, similar to approaches taken in Singapore’s Singpass.
Where Partisia fits in
Partisia brings a strong privacy and verification layer to business identity systems through: