Finance

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tendencias-fintech

Fintech innovations and trends for 2022                                     

Just like all other business sectors, 2022 will bring new innovations and trends for fintech. The last two years have been shaped by huge social changes as we adapt to the circumstances caused by the pandemic, and some of these changes are here to stay. Of particular note are the growth of e-commerce and the rise of online payments; social distancing and the increased use of contactless payment methods in place of cash; and security, or rather cybersecurity, which is …

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comisiones-pago

Andorra to cap interchange fees for card-based payment transactions

The Government of Andorra is passing a bill to cap the maximum percentage that can be charged for interchange fees on card-based payment transactions. The Law on interchange fees for card-based payment transactions will standardise bank commissions for operations carried out in Andorra and reduce costs for online and offline businesses. Table of Contents: Law on interchange fees for card-based payment transactions Capping the fees applied to card payments What are interchange fees? A measure that will help commerce E-commerce …

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Standard-Poors

Andorra rated BBB/A-2 by Standard & Poor’s

The most recent rating from the international agency Standard & Poor’s maintains Andorra’s rating at BBB/A-2 with the outlook assessment remaining stable. The principality received the same score from Standard & Poor’s in 2017, and has maintained it since then in the subsequent half-yearly results published each year in January and July.   Fitch Ratings, another leading credit and risk rating agency, kept Andorra at BBB+ and also concurred with S&P about its stable outlook. In the post-pandemic context in …

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sepa-zona-única-pago

Securely send bank payments from Andorra

Making payments from Andorra to other European countries has become easier since our small country joined the Single Euro Payments Area (SEPA). Andorra is now able to enjoy the same benefits as the other states which comprise this zone.   What is SEPA? The Single Euro Payment Area, or SEPA, was launched in 2008. It enables individuals, companies and institutions to make and receive cashless international bank payments in a fast, safe and efficient way, just like national payments. The …

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Fiscalidad en Andorra

NEW CORPORATIONS IN ANDORRA

NEW CORPORATIONS IN ANDORRA Andorra is a country that has experienced many changes with regard to the creation of corporations and the internal structure of its capital. Studies and statistics demonstrate that during an earlier period in Andorra, in terms of acquisitions of new corporations by different types of foreign investors, the rate of investment and likelihood of receiving capital was only 49%. 2012 marked a watershed in the history of Andorra, as various new reforms were established which, along …

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