Multibanco is the most widely used payment method in Portugal and is offered in many places, ranging from supermarkets and airports to museums. Multibanco also has a wide reach in Portugal because it is a user-friendly means for Portuguese people to deal with tax matters.
Multibanco is owned by SIBS (Sociedade Interbancária de Serviços S.A.) and is offered as a payment method at more than 11,000 ATMs. In addition to withdrawing money, you can use Multibanco for printing bank statements, paying bills, buying train tickets, recharging transport cards and even topping up your mobile phone balance. If you offer this complete payment service in your online shop, you’ll be well on your way to conquering the Portuguese market!