If you look at the commerce sector, for example, the report shows that Email List online shopping creates transparency and stems the shadow economy by limiting the chances of making undeclared sales. The high level of undeclared activity in Italy is attributed to the unripe and infrequent use of electronic payments and their Email List acceptance, emphasized by the fact that € 1 out of 23 in Italy is spent on Visa card versus £ 1 out of 3 expenses .
On Visa card in United Kingdom, a country that, in fact, Email List has an incidence of the undeclared on the GDP of only 10%. The Visa Europe study shows that in Italy, where the uptake of electronic payments and banking inclusion Email List is relatively low, the shadow economy is at its peak. However, the study also highlights that online payments in Italy (which grew by 17% in 2012 alone) are increasingly supporting the fight against the shadow economy.
Improving transparency and thus limiting the possibility of not declaring sales and other commercial transactions. Davide Email List, General Manager of Visa Europe in Italy, stated: Visa's many years of experience in Europe makes us confidently affirm that if the use of cash in Italy were reduced to the level of the countries that use it the most limited, a saving of a few billion euros would be achieved, with a benefit for the country Email List system and for the European economy in general.