European Dynamics, a leading eGovernment and Digital Transformation company, and Viva.com, the first Tech Bank in Europe for businesses, have been awarded by the European Commission’s Directorate-General for Taxation and Customs Union (DG TAXUD) the mandate to build, operate and maintain the central payment platform behind the Carbon Border Adjustment Mechanism (CBAM), one of the EU’s flagship climate initiatives.
The mechanism ensures that imported carbon-intensive goods carry a carbon cost equivalent to that paid by EU producers under the EU Emissions Trading System. It entered its definitive phase on 1 January 2026, initially covering imports of cement, iron and steel, aluminium, fertilisers, electricity and hydrogen. The new platform will process certificate purchases for thousands of businesses across all 27 Member States, supporting a key component of the EU Carbon Border Adjustment Mechanism.
European Dynamics is responsible for the platform’s architecture and development and its integration with the EU’s customs and tax systems, drawing on three decades of experience building large-scale digital infrastructure for European institutions and governments.
Viva.com provides the bank accounts required for DG TAXUD and Member States, and the regulated payments infrastructure behind the platform, including SEPA connectivity, for the execution of all incoming and outgoing Account-to-Account payments.
The contract runs in two phases - building and testing the platform, followed by live operations and ongoing support - with the system due to go live on 1 February 2027, when certificate sales begin.
Constantinos Velentzas, CEO, European Dynamics, commented:
“This award is a landmark achievement for European Dynamics and Viva.com, and a clear validation of our position at the forefront of mission-critical eGovernment IT systems. This project is among the most technically complex and strategically consequential systems DG TAXUD has ever commissioned. It demands both deep customs domain expertise and the highest standards of regulated payment execution and it is precisely this combination that makes our partnership with Viva.com so compelling. The support of CAPZA has enabled us to further strengthen our sustainability ambitions, making our contribution to strategic initiatives such as the EU Carbon Border Adjustment Mechanism fully aligned with our long-term commitment to decarbonisation.”
Harry Xenophontos, Chief Business Officer, Viva.com, said:
“Our technology already connects payments, banking and financing for businesses in 29 European countries. Extending that same infrastructure to underpin one of the EU’s most significant financial systems shows how far Viva.com’s pan-European, cloud-based and AI-ready platform can scale. We are proud to have the opportunity to serve the European Commission through our close partnership with European Dynamics, bringing together our strengths in regulated payments and their expertise in public-sector systems.”
