Multibanco is an online banking method offering ATM cash withdrawals and online payments, available in Portugal
How Does it Work?
Multibanco is a real-time bank transfer method in Portugal with a wide market reach to each individual with a bank account in Portugal. During the online checkout process, the customer selects Multibanco as a payment method where the customer is then redirected to their banking page. The customers enters their login details, reference number and merchant ID to complete the transaction. Payment is confirmed once the customer enters the SMS code received
Multibanco is available with all Portuguese banks, increasing the reach to customers in this market
- Increased market reach in Portugal
- Market penetration of 30% and growing