Italy

Italy U-Turns on Policy Supporting Cash Payments
Italy U-Turns on Policy Supporting Cash Payments
December 19, 2022  |  Cash

The Italian government has scaled back plans to promote cash payments. After announcing in its 2023 budget that it would scrap fines for merchants that...

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Bank of Italy Chooses Algorand for Blockchain Project
Bank of Italy Chooses Algorand for Blockchain Project
December 13, 2022  |  Blockchain

The Bank of Italy has chosen Algorand to serve as its public blockchain platform. The platform, due to roll out early next year, will be...

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Italy Considering Tax to Reduce Bank Fees on Merchant Digital Payments
Italy Considering Tax to Reduce Bank Fees on Merchant Digital Payments
December 07, 2022  |  Regulation

Italy’s ruling coalition may deploy a tax on banks in its fight against digital payments.  The coalition’s proposed tax on banks — which has been...

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Italy’s Central Bank Clashes With Government Over Cash Policy
Italy’s Central Bank Clashes With Government Over Cash Policy
December 05, 2022  |  Cash

Italy’s central bank is warning the new government about the risks of a cash-heavy economy. As new Prime Minister Giorgia Meloni’s government looks to ease...

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Italy’s New Government Now Likes Cash
Italy’s New Government Now Likes Cash
December 04, 2022  |  Digital Payments

Italy could give merchants permission to decline digital payments on transactions under 60 euros. New prime minister Giorgia Meloni has proposed that change in her...

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Italian Banking Group Sella Launches Biometric Payment Card
Italian Banking Group Sella Launches Biometric Payment Card
November 22, 2022  |  Biometrics

Italian banking group Sella Group has collaborated with IDEMIA to launch biometric payment cards that are powered by IDEX Biometrics’ TrustedBio fingerprint sensor solution. Sella...

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Report: Italian Bank Intesa to Sell Stake in Payments Firm Nexi
Report: Italian Bank Intesa to Sell Stake in Payments Firm Nexi
November 14, 2022  |  Investments

Italian bank Intesa Sanpaolo has reportedly announced it will sell its stake in the Italian payments firm Nexi while continuing its strategic relationship with the...

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Worldline Set to Buy Banco Desio’s Merchant-Acquiring Activities
Worldline Set to Buy Banco Desio’s Merchant-Acquiring Activities
November 07, 2022  |  Acquisitions

The French multinational payment firm Worldline announced on Monday (Nov. 7) that it will purchase Banco Desio’s merchant-acquiring activities for 100 million euros ($100.3 million)....

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EMEA Daily: Ikea Pushes Affordability as Inflation Looms
EMEA Daily: Ikea Pushes Affordability as Inflation Looms
October 13, 2022  |  International

Today in Europe, the Middle East and Africa (EMEA) news, Ikea reaffirms its commitment to affordability, while Adyen announces the launch of its platform in...

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