MULTIBANCO

MULTIBANCO enables consumers to pay by bank transfer or with a Multibanco card at an ATM.

Multibanco is available at over 11,000 machines spread across the country in strategic spots such as supermarkets, airports, museums, stations, banks and malls. MULTIBANCO is a core payment method for Portuguese consumers, where they can use MULTIBANCO to pay for a range of goods/services including e-commerce, licences and taxes.

MULTIBANCO is a cash payment and online banking service. When shopping online, customers select the MULTIBANCO logo and can either pay via online banking or by paying via cash over the counter in a bank branch.

Once payment has been submitted, the merchant receives confirmation and the purchase can be delivered.

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Availability Available with PPRO
Type Bank transfer, Cash
Company behind LPM Sociedade Interbancária de Serviços S.A.
Market relevance High
Countries

Why MULTIBANCO

1
Multibanco is supported by all banks in Portugal, so all Portuguese consumers can be reached by online merchants.
2
Multibanco continues to grow, reporting in the first half of 2020, consumers carried out more than 717 million transactions worth €36 billion.
3
The risk of fraud or unrecognized payments is low, since the consumer must authenticate the payment with their bank.

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