The BNA's notice establishing the 'simplified accounts' scheme, which are bank accounts intended for natural persons and residents who did not meet all the conditions for opening them, was published on Monday and is intended for accounts for personal or commercial purposes.
The new rules do not require the presentation of an identity card, and another identity document and registration with the General Tax Administration may be presented, with accounts for commercial purposes being reserved for microentrepreneurs active in the informal sector.
Informal market vendors operating through a fixed point of sale may have access to the use of TPA and must carry an identity card and be authorised by the competent local government body to operate, for example, in a municipal market.
"The advantages of using a TPA are significant, offering greater convenience and security to both buyers and sellers, reducing the risks associated with the use of cash, namely losses arising from loss, theft, fire or fraudulent schemes, and before the publication of this notice, they were only accessible to entrepreneurs operating in the formal market," emphasises the BNA.
The regulator also stresses that this is an "important step towards more citizens being able to have their income more secure" and reduces "the need for almost exclusive use of cash in commercial transactions taking place in informal markets regulated by municipal administrations".