Portuguese project uses NFC phones as mobile POS terminals

Technology provider Morpho has announced it is the supplier of NFC SIM cards to a Portuguese mobile payments pilot that uses NFC phones as mobile POS terminals and is backed by the country's major telecoms operators as well as MasterCard and Visa. MobiPag has been in development for two years and is designed to provide a way to drive down costs for merchants, eliminate cash and make the purchasing experience easier for consumers.