December 8th local time, Italy’s non-cash payment incentive mechanism began to run on trial. By the end of 2020, 10% of the total amount will be refunded for more than 10 consumptions through bank cards or electronic payments, up to 150 euros.
Prime Minister Conte said that online shopping is not within the scope of rewards, and at this stage, priority is given to physical businesses affected by the epidemic.
According to the plan, the mechanism will be fully implemented from 2021. If you spend more than 50 times every six months through non-cash payment, you will receive 10% of the total amount and a refund of up to 150 euros.
The government is expected to invest 4.7 billion euros in financial support, aiming to reduce the use of cash in daily consumption and combat tax evasion to increase tax revenue.
