Digital payments news in Portugal
Latest news and stories about digital payments in Portugal for expats and residents.
Latest news and stories about digital payments in Portugal for expats and residents.

Transfers between individuals are already possible within the Portuguese, Spanish, and Italian systems, with more countries joining by the end of this year. However, payments to merchants will only be available in 2027.

By 2027, it will be possible to pay with MB WAY in 13 countries across Europe.
SIBS announced today that it will be possible to make MB Way transfers to 13 European countries by the end of the year and that by 2027 it will allow purchases in physical and online stores in those countries.
By 2027, it is expected that it will be possible to make purchases in physical and online stores in those countries.

The owner of Multibanco and MBWay, in cooperation with four other private European entities, has concluded a 'proof of concept' for a solution to challenge Visa and Mastercard and get ahead of the digital euro.

The new method takes into account “the gradual adoption of new technologies, such as 'tokenisation' and distributed ledger technology”.

Visa is preparing to test the future of e-commerce using Artificial Intelligence. The payment processing giant has launched 'Visa Agentic Ready' to prepare card-issuing banks for a new era in the sector, creating a test environment for AI agents capable of searching for, selecting, and purchasing products for consumers. The program, aimed at the European market, focuses on testing and validating secure transactions initiated by AI in a controlled environment. Rita Mendes Coelho, Visa Portugal's country manager, stated that payments must evolve alongside the way people search and shop. Visa and Mastercard already have AI agents in advanced stages of development.

Paulo Raposo returns to the role of country manager for Mastercard in Portugal, a position he left five years ago, with a mandate to drive innovation and accelerate the digitalisation of payments in the Portuguese market. He succeeds Nuno Loureiro and took up the post at the start of this month. According to Mastercard Portugal, Paulo Raposo ...
