All payment methods

MB WAY

New flow

With a 45% market share of e-commerce transactions (SIBS), MB WAY is the leading mobile wallet in Portugal. Developed from SIBS Multibanco, it has a consumer base of over 3.5 million individuals who make 9 million purchases each month (SIBS). MB WAY wallet is supported by 28 banks, providing 95% market coverage – all their customers can use it, and consumers can store up to eight bank cards in their wallet. To pay online, customers select the MB WAY logo and enter their mobile phone number. They then validate the purchase on their device by entering their MB WAY PIN or TouchID.

Recurring – New Flow
MB WAY Recurring enables merchants to collect subscription or recurring payments (monthly, yearly, etc.) through MB WAY with a single customer authorization. Once approved, future payments are processed automatically without requiring the customer to authenticate each billing cycle.

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Why MB WAY

According to SIBS Analytics, 94% of MB WAY users always pay with MB Way.

Especially appealing to the younger market, 57% of young adults use it for e-commerce purchases (SIBS).

MB WAY offers the same level of payment security as credit cards, and 47% of the Portuguese population use merchants that accept the payment method (SIBS).

Specifications

Coverage

Consumer Portugal
Merchant Global

Currencies

Consumer EUR
Processing EUR
Settlement EUR

Features

Recurring payments
One-click payments
In-store/POS
Refunds
Partial refunds
Multiple partial refunds
Payment assurance
Chargeback risk

Payment flow

User chooses MBWay at checkout
User opens the MB Way app on their phone, tap the notification.
They authorise the subscription payment.
They enter the MB Way PIN
Confirmation of Subscription
At the online checkout, the consumer chooses MB WAY as their preferred payment method
The consumer enters their Portuguese mobile phone number.
The consumer receives a payment request notification on their mobile device.
The consumer authorises the payment in the mobile app.
A "payment authorised" message appears on the mobile device.
The payment is confirmed on the merchant's website.
At the online checkout, the consumer chooses MB WAY as their preferred payment method.
The consumer receives a notification prompting them to confirm the payment in the MB WAY app on their mobile device.
The consumer selects the relevant payment in the mobile app.
The consumer reviews the payment details and confirms the payment.
The payment is confirmed.

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