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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.

Multibanco is supported by all banks in Portugal and 86% of the Portuguese population carries a Multibanco card.

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Availability Available with PPRO
Type Cash, Bank transfer
Company behind LPM Sociedade Interbancária de Serviços S.A.
Market share details According to Multibanco, more than 23.7 m cards are in use by consumers
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.

E-commerce and payments insights by country

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