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Cashless payments: How one city has made electronic transactions pay off | ZDNet

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There are several reasons for this gap: one is that Italy has a record number of 'unbanked' citizens. In other words, 15 million Italians do not have a bank account. Behind this statistic lies a wariness about financial monitoring because of privacy concerns and because of widespread tax avoidance. Read this Inside the pay-by-tweet service that's poised to shake up France's payments market

Inside the pay-by-tweet service that's poised to shake up France's payments market

A subsidiary of France's second biggest banking group has introduced a novel money transfer service tied to Twitter.

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It's not easy to overcome those obstacles. But a local administration in Italy is doing its best to swim against the tide. The northern city of Bergamo in Lombardy has succeeded in recording a 10 per cent increase over seven months in the number of electronic payments made by residents,

From Cashless payments: How one city has made electronic transactions pay off | ZDNet

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