The automatic payment terminalsaka TPAIn Portugal, the number of contactless payments is increasing, reflecting consumers' growing attraction to contactless means of payment.
According to the report REDUNIQ Insights for the first half of 2022, 55% of the total turnover of businesses connected to the REDUNIQ system comes from contactless technologyThis is 9% more than in 2021 and 30% more than in 2020.
The figures are even more impressive if you look at transactions, which indicate that contactless already accounts for 74% of all transactions made, 9% more than in 2021 and 22% more than in 2020.
This choice of contactless payment are a trend that is helping to put physical cash on the back burner and making businesses think about offering payment terminals suited to these new consumer habits.
Faster, more hygienic and more secure than cash transactions, POS payments (contactless or not) make an unrivalled contribution to offering customers a more complete shopping experience, even making them spend more on each purchase because there is never a case of the customer not having the necessary amount in their pocket.
Main advantages of a TPA in business in Portugal
Created in the 1950s, this extraordinary mechanism, which goes by the name of TPA and which accepts Portuguese and foreign bank cards for electronic payments by collecting the details of those cards to authorise the transaction and collecting the transaction details for processing, has numerous advantages for businesses that choose to make it available to their customers. Let's see which ones below.
Let's start by talking about the advantages that POS, in general, offer businesses and their customers:
- Ease of payment for customers as there is no need to enter a personal code for payments up to €50 using the contactless technology. When it comes to larger amounts, the process is extremely quick, all you have to do is insert the card, enter the code and confirm the operation.
- Simple payments for companies (payments are transferred electronically to the company account);
- Greater efficiency in receiving payments, as you avoid cheques with false signatures or without proof;
- Smooth transactions with account credit on the next working day;
- Greater security, with less cash on hand;
- More simplicity, with fewer bank deposits made and change in hand;
- Not only do they convey an image of modernity and innovation, but they also meet new consumer and payment habits.
As we've seen, more and more Portuguese consumers are opting to pay by electronic means. contactlessThis ultimately brings new challenges, but also more advantages for businesses.
In view of REDUNIQ's development of automatic payment terminals in line with new management and payment methods, these advantages can be multiplied if, for example, businesses choose to introduce the REDUNIQ Smart in their establishments.
This Android POS TPA (point of sale TPA), in addition to allowing a business to accept contactless payment by card, chip, MB WAY, Google Pay and Apple Pay, has a built-in set of management apps that help businesses to sell more and that allow them to be totally mobile and digital, such as the ZS Mobile app that allows a shopkeeper to register orders on the terminal, invoice (AT certification) or draw up quotes and orders even without an Internet connection.
Thus, in addition to the advantages already mentioned that a TPA brings to a business, with the REDUNIQ Smart come together:
- Possibility of accepting payments from customers all over the world, by card or smartphone, with Contactless, chip, MB Way, Apple Pay or Google Pay;
- Registering orders, invoicing or preparing quotes and orders on the terminal even without an Internet connection;
- Access to apps with management software, easily integrated into the terminal;
- It makes business more mobile and digital, since the entire purchasing process, from stock management to payment, takes place on the same terminal;
- Possibility of online, real-time management of back-office, purchasing and supplier systems, enabling you to monitor and manage your business more efficiently.
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