Monaco’s National Council Members Strive to Preserve Carlo Payment App Amid Potential Funding Reduction

Summary:
Monaco leaders are advocating to protect the Carlo app from potential government funding cuts, as the cashback-driven platform has successfully boosted local commerce.

Full Story:
Monaco’s National Council members are working towards preserving the Carlo payment app, which has revitalized local commerce. The government is considering reducing its financial support due to the app’s high operational costs. Since its launch in 2019, Carlo has successfully promoted spending in Monaco. The app offers cashback incentives to encourage users to support local businesses. However, concerns have arisen regarding the sustainability of the app’s current funding model. Monaco’s leaders are advocating for the safeguarding of the Carlo app to maintain its positive impact on the local economy.

Source:
news.mc