All payment methods

MB WAY

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.

MB WAY
Type Wallet
Consumer countries
Currencies

Want to integrate MB WAY onto your platform?

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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
Merchant Global

Currencies

Consumer EUR
Processing EUR
Settlement EUR

Features

Recurring payments
One-click payments
Refunds
Partial refunds
Multiple partial refunds
Payment assurance
Chargeback risk

How it works

1
Merchant

At the online checkout, the consumer chooses MB WAY as their preferred payment method. Then they enter their mobile number.

2
Consumer device

The consumer receives a payment request notification on their mobile device.

3
Consumer device

The consumer selects their payment card, and accepts or rejects the payment details and amount.

4
Consumer device

The consumer enters their PIN to authorise the payment.

5
Consumer device

A "payment authorised" message appears on the mobile device.

6
Merchant

The payment is confirmed on the merchant's website.

Want to integrate MB WAY onto your platform?

Get in touch