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19 Giugno 2019

Digital payments: Sanctions vs Incentives

In our country policy based on incentives rather than sanctions can better boost electronic payments: this is what came to light during the sixteenth edition of the Digital & Payment Summit organized by APSP (Association of Payment Service Providers). During the event, a series of strategic proposals were put forward: among these, the creation of a single card with a chip linked to a payment account for citizens and usable in all banks. Another project is to eliminate the stamp duty on payment accounts, thus eliminating one of the main distortions existing for national operators.

Furthermore, the Antitrust Authority positively sees the development of payment services. These innovation channels can lead the market to growth. In fact, Italy is considered a market in turmoil, fertile ground for the ever-growing apps launched into the digital payments ecosystem.

Yet, the fight against tax evasion gives another incentive. The traceability of digital payments significantly reduces the ability to evade and would certainly help the fight against corruption, usury and the black market; all sectors that are fed mainly by cash.

Encouraging the digital and financial inclusion of Italians is becoming a priority in the world of digital payments.