Cash back failure, few subscriptions, and untapped redemption ceiling. The rules for 2021



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Cash back failure, few subscriptions, and unexploited redemption ceiling.  The rules for 2021

ROME They expected to pay for their Christmas Eve dinner with refund of moneyOn the other hand, the State’s reimbursements will be sufficient to cover the costs of the panettone and prosecco. 5.8 million citizens have signed up for the extra Christmas cashback, which has accumulated a potential compensation of 200 million euros, about 35 euros on average each. A figure very far from the 150 euros promised at the beginning by the government.


Cashback started the engines on December 8, but between the red, yellow and AC locks, Italians have not had many opportunities to display payment cards and applications in stores, so today the final prize has the taste of a tip . Among other things, dysfunctions of theIo app, the main access route to refunds, which was still too crude to make a leap of this type.

Numerous payment instruments were also phased out of Italy’s cashless plan in this experimental period, just think of the difficulties encountered on the contactless payments front. Outcome? By now, many have rejected the government’s anti-avoidance program. Only about 60 percent of those who downloaded the Io app on their devices later signed up for a refund. Yesterday, refund participants who opened the Io app no ​​longer saw the refund they were entitled to on their smartphone or tablet screen – the state app will communicate the final calculation of valid transactions and refunds before January 10. accumulated during the December experimental period.

and Timor

The failure of the cashback worries the government, even willing to use the resources of the Recovery Fund to promote digital payments. The latest version of the Italian resilience plan allocates 4.75 billion euros to cashback: ultimately, the State is willing to borrow from Europe to finance 10% returns on cashless purchases. But it is not entirely obvious that cashback can move Italians from cash to cashless.

Trade associations had previously noted that expected repayments are too small. For example, Confesercenti believes that a premium of € 150 for cashless purchases is not enough to pave the way for electronic transactions. Participants in the Christmas Bonus Cashback will receive their compensation in February. Starting this year, however, you will be entitled to 150 euros in refunds per semester (as long as you spend at least 1500 euros in cashless mode during the period) as well as a premium of 1500 euros reserved for the one hundred thousand users of cards and applications who will make most purchases first.

The data released last Wednesday by Palazzo Chigi, under whose control PagoPa, the state company specialized in digital payments to public administrations, which also manages the Io application, speaks of 9.6 million activated payment instruments, more than 49, 6 million transactions processed, an effective cashback to be paid to citizens who have already acquired the right to collect refunds of 157 million euros and an accumulated potential cashback of more than 198.4 million euros. Not all members will receive cashback: those who did not make at least ten cashless purchases in December will not see a euro.

Last updated: 12:07


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