Tertiary sector promotes the digital euro: opportunities but zero commissions needed

The tertiary sector welcomes the arrival of the digital euro seen as "a strategic opportunity" but calls for a series of measures including "the elimination of commissions on micropayments, full integration with existing POS and maximum transparency".

Confcommercio, Confesercenti, Fipe, Netcomm in a proposal that they will present to the Bank of Italy as part of the Rome Future Week underline how on "micropayments the shared proposal aims to eliminate commissions in every sales channel - from the local shop to e-commerce - to prevent fixed fees from eroding the margins of the activities.

According to ECB data, in fact, in euro area shops 54% of transactions are less than 20 euros". The definition of the costs of accepting public money must not be based on the commission averages of the debit cards of existing private circuits, but on a transparent European benchmark oriented towards the most efficient solutions. The associations also ask for offline functionality to avoid the loss of revenue during network blackouts and that the new tool integrates naturally with the four million POS already operating in the country, as well as on electronic registers and online retail, without causing new compliance costs for businesses.