In an effort to increase the use of electronic payments and expand access to electronic financial services, the Uruguayan government passed a new financial inclusion law on 24 April 2014. Key aspects of the law include:
- Employees must be given the option to receive salary payments directly into a bank or e-wallet account; the payment form is required after three years
- Beginning 1 August 2014, the VAT on goods and services purchased by final consumers using debit cards or other means of elect…