Airbnb ends controversial payment system in France

(FILES) This file photo taken on March 02, 2017 shows shows the logo of online lodging service Airbnb displayed on a computer screen in Paris. Airbnb agreed on December 11, 2017 to withdraw a payment system in France, suspected of facilitating tax avoidance, after the government complained it could potentially be used to launder money and lead to a loss in revenues. / AFP PHOTO / Lionel BONAVENTURE

PARIS: Airbnb agreed to withdraw a payment system in France, suspected of facilitating tax avoidance, after the government complained it could potentially be used to launder money and lead to a loss in revenues. 

The move followed a meeting between the accommodation rental website’s executives and government ministers, including French finance minister Bruno Le Maire, where the company agreed to “rule out any opportunity for open fraud” by using prepaid Payoneer cards.