Cash goodbye. The war to cash is one of the flagships of the Giallorossi government. Now, with the decree August, the so-called cashback is gaining strength again. The goal, for those who govern us, is to give greater impetus to electronic payments in an anti-evasion and anti-money laundering key. Italians, after the lockdown, began to use electronic payment instruments more. And this is a certainty. From credit or debit cards to apps. Despite the crisis of many commercial activities, for example, in June and July Bancomat registered a + 4.6% in the number of payments compared to a year ago: a difference of almost 10 million transactions. He writes it on Sun 24 hours.
The measure envisaged in the Dl August is limited for now to update the article of the 2020 Budget law in which the “cash refund” system for those who use instruments had peeped out. cashless. And refinances with 1.75 billion for 2021 that fund emptied with the Relaunch. The rule will be active from next December 1st and the bonus can go up to 2 thousand euros. You expect to understand how your refund will be declined. But the economy minister, Roberto Gualtieri, has already stated that it will take place in two half-yearly tranches.
There is still a great deal of indecision on the commercial sectors that could be rewarded by the incentive. On payment instruments no, because it is now established that not only are we talking about cards, but also about alternative instruments to cash such as app of electronic money institutions, such as Satispay. Italy is the country that contends with Greece for the European primacy in terms of number of Pos with respect to inhabitants, but which among the 27 EU members (ECB data) is in 23rd place for annual per capita transactions with payment cards (65, against an EU average of 108). And which provides for the obligation of Pos for merchants and professionals, but without sanctioning it.
From January 2021, the threshold for transactions with contactless card in Italy it will go from 25 to 50 euros. And this could give a further boost to a purchasing method that, according to the latest Visa data, has increased by more than 10% compared to 2019. But operators are also following other strategies to go beyond cards: incentivizing the use contactless through NFC technology (think Samsung Pay or Apple Pay). Or adopt digital services that associate the Iban with the mobile phone, to pay and send and receive money from the smartphone (such as BancomatPay).
There are many measures that accompany this novelty. One above all the tax credit 30% of the commissions on the use of cards (for merchants and professionals with revenues up to 400 thousand euros) and the reduction to 2 thousand euros of the limit on the use of cash (which from 2022 will go to one thousand euros). Then you count the lottery of the receipts and, finally, the bonus for purchases with digital tools.
To conclude, it is necessary to point out that the rule will come into force on 1 December 2020. It will allow for a cash refund to those who use electronic money instead of cash to pay for the purchase of goods or services. The legislative decree passed by the executive takes up the provisions of the latest budget law on incentives for those who make traceable payments by abandoning cash. The premier, Giuseppe Conte, speaks of a bonus of up to 2 thousand euros, but you will have to wait for the ministerial decree to know in detail the forms of voluntary membership and the criteria for the attribution of the reimbursement.
–
