Portugal Payshop 2004 Profit at 1.0 Mln Euro

Portuguese electronic bill payment services Payshop, a unit of the country’s postal operator CTT-Correios de Portugal posted a profit of 1.0 mln euro ($1.3) for 2004, it was reported on April 18, 2005.

The company ended 2005 with a 5.5 mln euro ($7.09 mln) turnover, more than doubling it compared to 2003.

Payshop currently operates some 2,900 access points in Portugal. As for 2005, the company plans to start operations in Mozambique.

Payshop’s network includes CTT post offices, as well as supermarkets and other retail places. Payshop (www.payshop.pt) service allows users to pay their bills for gas, water, electricity and telephone, among others.

http://www.diarioeconomico.com,http://payshop.pt

Source: Diario Economico,Payshop