Managing a nationwide network of payment points, PayShop (Portugal) offers unsurpassed convenience to both businesses and their customers for the processing of bills. With some 4,000 outlets, PayShop serves in excess of 2.5 million people who regularly use the system to pay utility and other bills or to top up pay-as-you-go mobile phones.
Most PayShop outlets are open beyond standard business hours and provide customers with instant feedback. Payment processing takes places in real time with customers receiving issuer-approved receipts instantly. Associated businesses enjoy the convenience of giving clients additional payment facilities that reduce the stress on their own customer service and cashier departments.
PayShop approved outlets – mostly existing neighbourhood shops – benefit from increased footfall and often note a significant increase in sales revenue. PayShop terminals use a system that allows for ultrafast payment processing with most transactions taking mere seconds to complete. PayShop customers may also pay online purchases, obtain public transport tickets, and make donations to worthy causes at any of the company’s outlets.
Offering a simple, fast, and cheap solution to bill settlement, PayShop has positioned itself as the preferred provider of payment processing in Portugal. The company, set up in 2001 and owned by the Portuguese postal service CTT, now aims to leverage its accumulated knowledge and experience to expand its horizon and broach new markets.
The CFI.co judges applaud PayShop (Portugal) for streamlining the erstwhile cumbersome process of paying domestic bills. By focusing on convenience and devising a no-frills system that prioritises ease of use, the company offers a win-win-win solution that benefits customers, service providers, and terminal operators alike. As such, PayShop (Portugal) is proclaimed winner of the 2015 Best Payment Solutions Portugal Award.