The terminal maker VeriFone Holdings Inc. says it is helping Mexico drive up electronic payment volume, and that it has shipped more than 150,000 point of sale systems to that country.
The San Jose company announced the shipment milestone Monday.
Mexico's ongoing campaign to promote the use of payment cards over cash is sponsored by FIMPE, an acronym for the Spanish name of the Infrastructure Fund for Electronic Payments. It is a nonprofit formed by several financial companies in that country. VeriFone is its primary terminal supplier.
Banco de Mexico, the country's central bank, has estimated that electronic payment volume in 2005 was 49% higher than 2004, and that volume for the first half of this year was up 133% over the same period in 2003, largely due to FIMPE's campaign, which is aimed at small and midsize businesses.
FIMPE "provides small businesses access to technology previously limited to larger sized firms," said Roberto Isaac Rodriguez, FIMPE's general director and coordinator, in a VeriFone press release.
