Urso: ‘A business wallet for companies is on the way.’ Here’s what it is and how it works

‘In the coming weeks’, the government will present the consolidated legislation on start-ups and innovative businesses, alongside what the Minister for Enterprise and Made in Italy, Adolfo Urso, has described as ‘the business wallet’. He made the announcement via video link at the Espresso Setteidee festival, explaining that the tool will enable businesses, ‘with a single document’, ‘to operate across all Italian and European sectors’.

At European level, the European Business Wallet is the proposed regulation published by the Commission on 19 November 2025, forming part of the Digital Package for regulatory simplification for EU businesses. The text, which has not yet been adopted, has undergone a public consultation that closed on 6 May 2026 and is now under consideration by the European Parliament and the Council.

The digital wallet would serve as the business’s unique identity in its dealings with public administrations across the EU. The planned functions include: verifying the identity of the other party and proving one’s own; creating, storing and sharing verified documents such as licences, permits and certificates; signing, time-stamping or digitally sealing documents; authorising third parties to act on the company’s behalf; and communicating with other companies or public bodies via a secure channel, the ‘qualified electronic registered delivery service’.

With regard to the expected benefits, the Commission provides two separate estimates, covering different timeframes: up to €5 billion in cumulative savings on administrative costs by 2029 thanks to the full simplification package, and at least €160 billion a year in potential savings specifically attributed to business wallets once they are fully operational.