More payment methods

MBWay

MBWay is a mobile payment service in Portugal. It allows users to make payments, transfer money, and manage their finances through their mobile phones.

% of coverage
  • Country

    Portugal

  • Population

    10.2 million (estimated)

  • Number of Internet users

    8.7 million (estimated)

  • Popular payment methods

    Credit Cards, Debit Cards, Digital Wallets, Cash Payments, Bank Transfers

% of coverage
  • Credit Card

    20%

  • Debit Card

    40%

  • Digital Wallets

    15%

  • Cash Payments

    15%

  • Bank Transfers

    8%

  • Other

    2%

Payment Method Overview
  • Type: Digital Wallet/Mobile Payment
  • Currency: Euro (EUR)
  • % of coverage: 60% of Portugal’s internet users (estimated)
  • Money transfers to date: EUR 20 billion annually (estimated)
  • Total customers: 2 million users (estimated)
  • Refunds: Yes (limited)
  • Chargebacks: No

MBWay

MBWay is a leading digital payment method in Portugal. By linking bank accounts to the user-friendly app, individual users can make secure payments for online purchases, settle bills effortlessly, and even withdraw cash from ATMs using just their mobile devices. Whether navigating online shopping sprees, managing regular bill payments, or splitting costs with friends, MBWay ensures a swift and secure experience for all involved.

The platform fosters efficient B2B transactions, allowing companies to send and receive payments with remarkable speed and ease. For businesses, it can be useful with:

  • Mobile checkout: for a faster checkout, users can simply enter their mobile number. The app sends a secure code to confirm the order.
  • No transaction delays: real-time payment confirmations improve cash flow.
  • Seamless integration: integrates smoothly with accounting and financial management systems, streamlining business operations.
  • Enhanced security: utilizes advanced encryption and multi-factor authentication to ensure secure transactions.
  • Lower transaction fees: compared to traditional banking methods in Portugal.
  • Wide acceptance: accepted by a broad range of merchants and service providers, making it versatile for various business needs operating within the country.

MBWay’s ability to handle a diverse range of transactions, combined with its robust security features, makes it a go-to solution for anyone seeking to optimize their financial processes in Portugal.

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Pricing

Pricing request

Our fare pricing is designed to bring satisfaction to both sides of our partnership. The pricing structure is tailored to your specific business type and monthly turnover. Kindly send us a request, including details about your business, and our dedicated success manager will promptly get back to you with our best offer.