Overview

cashless payments

Cashless Society - Report 2016

THE SPREAD OF CASHLESS PAYMENTS: A PRIORITY FOR ITALY’S COMPETITIVENESS AND GROWTH
In 2015 The European House – Ambrosetti created the Cashless Society Community, a high-level platform to generate ideas and content regarding cashless payments and promote constructive discussion between the business community and institutions in the spirit of developing concrete actions to benefit the nation.

Cashless Society – Report 2016

Today, cashless payment instruments are playing an increasingly central role in business and society

Widespread digitalization, the interconnection between global financial markets, the development of e-commerce and new technological solutions are creating a framework for major change in payment systems to which national governments and European regulatory bodies are giving priority attention.

Italy can also obtain major benefits from greater use of modern cashless payment systems: enhanced transaction security, reduction in the cost of money, surfacing of the underground economy, and stimulus for consumption and business.

In the wake of these considerations, in 2015 The European House – Ambrosetti created the Cashless Society Community, a high-level platform to generate ideas and content regarding cashless payments and promote constructive discussion between the business community and institutions in the spirit of developing concrete actions to benefit the nation. Members of the Community currently include: Setefi, Telepass, Iccrea Banca, BancoPosta, MasterCard, PayPal, BNL – Gruppo BNP Paribas, American Express, InfoCert, Transcom.

To mark the conclusion of its first year of activity, a Round Table to present and discuss the analysis and proposals of the Community were held on April 7, 2016 at Villa d’Este in Cernobbio with business leaders and representatives of Italian government and institutions, including:  representatives of the Ministry for Simplification and Public Administration, the Presidency of the Council of Ministers; the Italian Competition Authority; the Agency for Digital Italy; leaders from the Ministry of Economy and Finance, the Bank of Italy, and the Italian Banking Association, as well as leading members of political parties and major companies from banking and finance.





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