20 October 2017
Find out more

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

30 June 2014  |  7030 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  |  6912 views  |  0 comments | 6 tweets | 8 linkedin
Payleven gets FSA authorisation

Payleven gets FSA authorisation

27 March 2013  |  8427 views  |  0 comments | 6 tweets | 7 linkedin
German cabbies trial Payleven

German cabbies trial Payleven

09 November 2012  |  5769 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  |  11502 views  |  0 comments | 1 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.capgemini.comvisit www.atos.netvisit www.vasco.com

Top topics

Most viewed Most shared
satelliteGates Foundation backs Ripple collaboratio...
8520 views comments | 13 tweets | 10 linkedin
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
8480 views comments | 21 tweets | 26 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
7567 views comments | 9 tweets | 17 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
7019 views comments | 10 tweets | 22 linkedin
Eight banks form joint venture to launch blockchain trade platformEight banks form joint venture to launch b...
6630 views comments | 14 tweets | 23 linkedin

Featured job

to £70K base, £105K ote, benefits
London, UK

Find your next job