The negative economic situation in Italy strongly impacted financial cards and payments, in particular due to the “war on cash” promoted by the Italian Government in order to reduce the share of black economy in the market and increase State revenues which affected the number of cards in circulation as well as the number of transaction and amount spent with cards. In fact, the country remained in recession in 2012 with a decline in GDP and rising unemployment. As a consequence, overall… Euromonitor International’s Financial Cards and Payments in Italy report establishes the size and structure of the market for …
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