24 August 2016
Find out more

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

30 June 2014  |  6407 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  |  6330 views  |  0 comments | 6 tweets | 8 linkedin
Payleven gets FSA authorisation

Payleven gets FSA authorisation

27 March 2013  |  7827 views  |  0 comments | 6 tweets | 7 linkedin
German cabbies trial Payleven

German cabbies trial Payleven

09 November 2012  |  5383 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  |  10986 views  |  0 comments | 1 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit equens.comVisit www.abe-eba.euFind out more

Top topics

Most viewed Most shared
hands typing furiouslyBlockchain: what to expect for 2017?
6765 views 0 | 49 tweets | 41 linkedin
Global fintech funding hits plateauGlobal fintech funding hits plateau
6244 views comments | 22 tweets | 21 linkedin
Teenager avoids conviction for CommBank DDoS attackTeenager avoids conviction for CommBank DD...
5876 views comments | 2 tweets | 3 linkedin
hands typing furiouslyBig Data's Three Big Trends in 2016
5732 views 0 | 20 tweets | 10 linkedin

Featured job

Find your next job