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Cash and Crises
European Central Bank slams Italian Policy to Promote Digital Payments
December 22, 2020
The Italia Cashless initiative offers shoppers refunds on purchases made by cards as part on an ongoing campaign to discourage tax evasion. The ECB has complained that the programme is disproportionate and undermines the neutral approach to payments. It also creates a distortion within the European internal market.
Italian Government Subsidizes Non-Cash Payments
December 11, 2020
The Italia Cashless initiative rewards those who do not use cash for their purchases. Users of credit cards, debit cards and payment apps will receive a refund of a part of their expenditure from the state.
Italian Cash Management Company introduces Mobile Cash Centre
May 21, 2017
Italian Cash Management Company Mondialpol presented the design of a mobile cash centre, which could rapidly be set up in case of a natural disaster or a crisis.