Government continues to support retailers via Carlo app

Carlo App registers nearly 1200 daily transactions and continues to recruit Principality shopkeepers and restaurants.

The Carlo application keeps on growing. Government support for Carlo App, voted a few months ago, was prolonged on Friday, July 1. As a reminder, this involves complete coverage of the application’s platform costs, which are typically borne by the businesses.

“The Government’s support has enabled us to make this project a success and boost local trade”, said Armand Bahri, the application’s co-founder, speaking to Monaco Info.

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With 426 retail partners, Carlo App has already generated €2.2 million in cashback, 90% of which has been redeployed by users, who today number 32,000. The population is won over, now it’s all about building loyalty.

“We would like to become a preferred means of payment in Monaco and for users to get into the habit,” states Armand Bahri.