Multibanco
Owned and operated by SIBS, Multibanco enables consumers to pay for a range of goods/services including e-commerce, licenses, and taxes post-purchase, by bank transfer, or with a Multibanco card at an ATM. Available at over 12,000 machines spread across the country, Multibanco is a core payment method for Portuguese consumers, having established itself as the payments brand with the best brand recognition in the country (OnStrategy).
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Get in touchWhy Multibanco
Multibanco is supported by all banks in Portugal and 86% of the Portuguese population carries a Multibanco card (Expatica).
According to Multibanco, more than 23.7 million cards are in use by consumers.
The risk of fraud or unrecognised payments is low, since the consumer must authenticate the payment with their bank.
Specifications
Coverage
Currencies
Features
How it works
At online checkout, consumer selects Multibanco as the preferred payment method
Consumer redirects to a hosted payment page where a payment slip is presented with payment details
The consumer logs into their online bank (or enters their card + PIN at an ATM)
The consumer enters payment slip details
The consumer completes any required authentication (e.g. SMS code) and confirms payment
Payment is confirmed and the merchant is notified of the result