Viva.com and European Dynamics have won a European Commission mandate to build and operate the central payment platform for the EU Carbon Border Adjustment Mechanism (CBAM). The platform will handle carbon certificate purchases for imports of iron, steel, aluminium, electricity, hydrogen, and fertilisers across all 27 EU member states. It goes live on 1 February 2027 and uses SEPA connectivity and regulated bank accounts to manage high volume cross-border transactions. European Dynamics leads the system integration with existing EU customs and tax systems. Viva.com provides the cloud-native payment infrastructure. The goal is to automate carbon cost collection so that imported goods face the same carbon pricing as domestic EU production under the Emissions Trading System. This is meant to prevent carbon leakage and make the carbon price on imports transparent and enforceable. For anyone tracking carbon market infrastructure, this is a concrete example of how climate policy gets operationalized. The platform will handle certificate purchases for carbon intensive goods like steel, aluminium, and fertilisers across all 27 member states. It goes live in February 2027. The deal also shows fintech companies moving into sovereign level climate finance roles.
