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Cash withdrawals will be restricted in favor of E-commerce

Cash withdrawals in stores with POS terminals will be limited to 1,000 lei per transaction and no more than 100,000 lei per month. At the request of the Economy Ministry, the cabinet approved the initiative to support the digital economy and e-services, Logos Press reported.
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Cash withdrawals will be restricted in favor of E-commerce

The bill aims to improve accessibility of financial services and reduce the need to travel to ATMs, which are often located a considerable distance away in the regions.

The use of virtual cash registers and the distribution of electronic receipts will also be encouraged. The obligation to print out a receipt on a tangible medium in the event that it is issued electronically is excluded.

At the same time, the operation of single contact centers for digital business services will be facilitated and the range of support services for companies will be expanded. The exchange of data in digital format will be further developed in order to save time and resources for entrepreneurs.

The adopted changes are also aimed at increasing export volumes through E-commerce platforms.


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