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

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

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."

Comments: (1)

A Finextra member
A Finextra member 30 June, 2014, 11:21Be the first to give this comment the thumbs up 0 likes

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

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