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The Shadow Economy in Europe

Using payment systems to combat the shadow economy

At almost $3 trillion, the shadow economy — that blurry area of commerce that includes legal activity hidden deliberately from public authorities — makes up a sizeable portion of economic activity in Europe. This study, performed for VISA Europe, examines the structure of the shadow economy and ways to reduce it. In many industries, the answer is the introduction of electronic payment systems.
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1 comment to The Shadow Economy in Europe

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