24 April 2017
Visit EBAday.com

Telecom Italia to distribute payleven card readers as country cracks down on cash economy

30 June 2014  |  6766 views  |  1 Business man using Smartphone

Telecom Italia is to equip small business customers with mPOS chip card readers from payleven as the country enacts new legislation requiring firms to accept debit card payments for any transaction over EUR30.

The new laws, which come into effect today, are intended to crack down on the underground cash economy and are mandatory for all businesses and sole traders with an annual turnover greater than EUR200,000.

Telecom Italia says it will distribute the payleven card readers at no cost to all customers of its Impresa Semplice 1GB package. The payleven bluetooth reader usually retails at EUR129.

Enrico Trovati, business marketing director, Telecom Italia, says: "We are convinced that our joint solution allows small business owners to comply with the new regulations in a simple and inexpensive way, as well as giving them the opportunity to boost customer satisfaction."
KeywordsEFTPOS

Comments: (1)

Alexander Peschkoff
Alexander Peschkoff - TEDIPAY - London | 30 June, 2014, 11:21

Cash-related "problem" in Italy is not about €30. Also, to drive the change towards cashless society the limit should be €5.00

Be the first to give this comment the thumbs up 0 thumb ups! (Log in to thumb up)
Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Italian post office to distribute payleven mPOS kit

Italian post office to distribute payleven mPOS kit

20 September 2013  |  6633 views  |  0 comments | 6 tweets | 8 linkedin
Payleven gets FSA authorisation

Payleven gets FSA authorisation

27 March 2013  |  8137 views  |  0 comments | 6 tweets | 7 linkedin
German cabbies trial Payleven

German cabbies trial Payleven

09 November 2012  |  5596 views  |  0 comments | 10 tweets | 4 linkedin
Payleven launches chip and PIN-based Square clone

Payleven launches chip and PIN-based Square clone

03 October 2012  |  11278 views  |  0 comments | 1 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit capgemini.comvisit dh.com

Top topics

Most viewed Most shared
hands typing furiouslyDoes the Buck Stop with GameStop?
10313 views 0 | 3 tweets | 14 linkedin
BBVA runs live funds transfers over RippleBBVA runs live funds transfers over Ripple
9866 views comments | 27 tweets | 18 linkedin
Alipay and WeChat near $3 trillion payments milestoneAlipay and WeChat near $3 trillion payment...
8686 views comments | 35 tweets | 38 linkedin
Western Union and MoneyGram unveil Facebook Messenger bots; Mastercard and Amex pile inWestern Union and MoneyGram unveil Faceboo...
8370 views comments | 17 tweets | 17 linkedin
Dutch banks back all-in-one mobile payments tech from INGDutch banks back all-in-one mobile payment...
7237 views comments | 18 tweets | 20 linkedin

Featured job

to 120K base, £300K ote, stock options
London, UK

Find your next job