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The European Central Bank Collaborates with Diebold Nixdorf for Digital Euro Innovation Platform

1. DBD contributes to ECB's digital euro innovation platform. 2. Digital euro aims for universal acceptance in the EU. 3. Vynamic® solution integrates with digital euro interfaces for banks. 4. Partnership expected to enhance payment services for banks. 5. Report on findings from ECB workstreams due later this year.

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Why Bullish?

DBD's involvement in digital euro initiative may boost revenues in evolving payments ecosystem, similar to previous tech adoption trends. Their innovative approach signals positioned growth in a critical sector.

How important is it?

The article highlights a significant partnership in the fintech space, likely to impact DBD’s strategic positioning and financial performance as digital payments grow.

Why Long Term?

The digital euro's implementation will evolve over several years, influencing long-term growth prospects. Historical examples like the rise of contactless payments indicate long-term market shifts.

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Research and development help shape the future of digital payments in Europe , /PRNewswire/ -- Diebold Nixdorf (NYSE: DBD), a global leader in transforming the way people bank and shop, today announced its participation as one of 70 contributors in the European Central Bank's (ECB) innovation platform to explore digital euro payment functionalities and use cases. The digital euro is intended to be a form of digital cash universally accepted in the European Union, complementing current forms of payment. Diebold Nixdorf has partnered with the ECB to explore how a digital euro ecosystem will benefit both banks and their customers. The ECB will publish findings from the workstreams in a report later this year. Vynamic® Transaction Middleware, Diebold Nixdorf's cloud-native, all-in-one modern payments processing solution, will integrate with the digital euro interfaces, enabling banks to quickly support new services, from traditional card transactions to instant payments. The solution enables banks to add new payment methods without rebuilding complicated backend systems across ATM, POS and e-commerce channels. It utilizes traditional card methods and digital wallets under a single, cloud-based system. Joe Myers, Global Head of Banking at Diebold Nixdorf, said: "We are honored to support the ECB as an official partner, aiding them in shaping the future of digital payments in Europe. Our goal is to help our banking customers easily offer the digital euro as a new means of payment in the future. The digital euro represents a significant step forward in the region, and we are proud to contribute resources and technology that will enable banks to deliver modern, flexible payment experiences." About Diebold NixdorfDiebold Nixdorf, Incorporated (NYSE: DBD) automates, digitizes and transforms the way people bank and shop. As a partner to the majority of the world's top 100 financial institutions and top 25 global retailers, our integrated solutions connect digital and physical channels conveniently, securely and efficiently for millions of consumers each day. The company has a presence in more than 100 countries with approximately 21,000 employees worldwide. Visit www.DieboldNixdorf.com for more information. X: @DieboldNixdorfLinkedIn: www.linkedin.com/company/diebold Facebook: www.facebook.com/DieboldNixdorfYouTube: www.youtube.com/dieboldnixdorf DN-B SOURCE Diebold Nixdorf, Incorporated WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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