The number of Portuguese using mobile devices for purchases is growing. According to data from ACEPI (Associação da Economia Digital), in 2017 m-commerce will account for 4 billion euros, representing 2.5% of the Portuguese GDP.
2.5
%
of Portuguese GDP is from m-commerce
Technology companies, financial institutions, and mobile operators are developing secure payment solutions and many believe that NFC (near field communication) will be a winner in the mobile payments sector. They’re faster and more effective effective for consumers and merchants with no time to waste.
Mobile payment enterprise solutions offer greater efficiency in managing a business, reducing manual labor costs, and increasing throughput (speed of service)--all of which affect financial results.
In Portugal, Caixa Crédito Agrícola bank (CA) adopted Verifone’s VX 680, a portable and mobile device specifically adapted to the needs of marketers, who wish to use a mobile payment terminal. This allows consumers to make contactless payments and provides merchants with fast processing operations (e.g. transaction time), security compliance, reliability, and strength and durability of the equipment.
