European Business Wallet vs. Digital Identity Wallet: What's the Difference
As Europe moves toward a more digital and connected economy, two important tools have been developed under the European Digital Identity Framework: the European Digital Identity Wallet and the European Business Wallet. At first glance, they may seem similar, but they serve different purposes. Understanding the difference is key for both individuals and businesses preparing to operate in a more digital Europe.
What Is the European Digital Identity Wallet?
The European Digital Identity Wallet (EUDI Wallet) is a personal digital tool for EU citizens and residents. It allows individuals to securely store and use personal information, such as:
- Official identity documents
- Educational qualifications
- Driving licenses
- Health records
- Electronic signatures
This wallet gives people full control over their digital identity. They can choose what information to share, and with whom, when accessing both public and private services online—whether it's registering for a course, signing a lease, or applying for a job across borders.
What Is the European Business Wallet?
The European Business Wallet, on the other hand, is designed for companies and legal entities. It was introduced as part of the European Commission’s Competitive Compass to help businesses interact digitally across borders, especially with governments and other businesses.
Key features include:
- Secure identification of businesses during transactions
- Exchange of official business documents like permits, licenses, and compliance certificates
- Support for cross-border interactions (B2G, B2B, and G2G)
- Tools to reduce the burden of regulatory compliance
The Business Wallet aims to make it easier and faster for businesses to meet legal obligations, apply for services, or complete transactions digitally in any EU Member State.
Key Differences at a Glance
| Feature | European Digital Identity Wallet | European Business Wallet |
| User | Individuals (citizens, residents) | Legal entities (businesses, organizations) |
| Purpose | Personal identity verification | Business identification and regulatory compliance |
| Examples of Use | Signing a document, proving age or residency | Submitting tax forms, applying for licenses |
| Scope | Public and private services | Primarily B2G, G2G, and B2B interactions |
| Control | Managed by the individual | Managed by the authorized representative of a business |
How They Work Together
Though distinct, these wallets are part of the same digital ecosystem. For example, a business owner could use their personal EUDI Wallet to log in securely to a government portal and then act on behalf of their company using the Business Wallet. This creates a smooth, secure, and transparent digital experience for both the individual and the business they represent.
Conclusion
In short, the European Digital Identity Wallet empowers individuals to manage their personal digital identity, while the European Business Wallet is tailored to help businesses operate more efficiently across the EU. Both tools reflect the EU’s commitment to a trusted, user-centric digital future.
As these tools continue to roll out, staying informed will help you make the most of the digital opportunities they offer, whether you’re a private citizen or a business leader.