Overview of 2020 Italian Laws in Payment Services and Expected Trends for 2021
Abstract
2020 has experienced significant changes in the Italian payments market and also the relevant legal framework has seen a substantial boost in terms of new laws and amendments to existing laws. Such increase of new laws in the payment sector is connected, inter alia, to covid-19 emergency which has necessarily changed the payment habits of consumers, shifting from the use of cash to the use of digital payment means. This article aims to provide a summary and overview of the main Italian law measures that have entered into force in 2020 in the payment sector, and also highlights which new laws will presumably be issued in 2021 or are currently under consultation.
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