Latest news and stories about fintech in Portugal for expats and residents.
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Home News Revolut to integrate Via Verde payments in Portugal Revolut to integrate Via Verde payments in Portugal Revolut lets customers activate Via Verde directly in the Revolut mobile app.
Home Business KYC and Digital Compliance – Why Identity Verification Matters in European Fintech KYC and Digital Compliance – Why Identity Verification Matters in European Fintech European fintech companies face increasingly complex regulatory requirements, with robust identity verification becom
Consultancy firm Bain & Company predicts that the banking sector will once again focus on potential mergers in the coming years, aiming to gain scale and diversify business in line with global trends. In a statement released this Monday, the 9th, Bain & Company highlighted a recently published report on global banking consolidation. For Portugal, it suggests that a sector 'marked by high concentration and structural pressure on margins' should lead key decision-makers to evaluate merger possibilities. The firm notes that the need to improve efficiency, accelerate digital transformation, and respond to competition from fintechs and new European operators has brought consolidation back onto the sector's radar. Bain & Company estimates that global banking M&A activity accelerated in 2025 to a total value of 212 billion dollars. The goal for companies has been to gain scale, strengthen technological capabilities, and diversify business. The consultancy notes that while operations previously focused on either scale or diversification, they now integrate both to drive efficiency and innovation. Acquisitions in 2025 that combined both elements saw, on average, 30% better valuation gains than those focused on only one dimension. The report cites examples such as the merger between CaixaBank and Bankia in Spain, or the acquisition of LeasePlan by ALD. Portugal's banking market is considered highly concentrated, with five banks accounting for over 80% of the system. The five main banks operating in Portugal recorded aggregate profits exceeding 5 billion euros in 2025, a year in which Caixa Geral de Depósitos, BCP, and Novo Banco reported record results. The contribution tax on the banking sector reached a record high of 255 million euros.
The Portuguese Development Bank (BPF) launched an internal platform this month, Fomento.AI, powered by artificial intelligence (AI) to boost efficiency and productivity. In an interview with ECO, Tiago Mateus, the BPF's chief technology officer (CTO), explains what is being implemented and the work being done with...
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 ...
Home Business Fintech House and how the Portuguese financial ecosystem entered a new phase Fintech House and how the Portuguese financial ecosystem entered a new phase There are times when the growth of an ecosystem is no longer just quantitative and becomes qualitative.
The Union of Workers of Large Supermarkets, Warehouses and Services of Portugal (STGSSP) has accused Revolut of pressuring and 'exploiting' around 1,200 employees in Portugal by imposing 'unrealistic' productivity metrics, after receiving multiple complaints about the digital bank’s labour practices. Revolut rejects the allegations, saying it complies with Portuguese labour law. The dispute highlights tensions between fintech productivity models and workplace rights, and could prompt closer scrutiny from unions and regulators.
When I started working in banking, today's reality would have seemed like science fiction: a bank that is always available, capable of anticipating needs and solving problems before they even arise. A bank where technology was invisible and genuinely at the service of people. Today, these ideas are no longer even original — at best they are the ...
The Portuguese insurtech Habit and the fintech Doutor Finanças have teamed up to offer an integrated payment protection insurance, which ensures the payment of instalments in the event of involuntary unemployment or temporary incapacity to work. "This partnership will expand the protection solutions offered by Doutor Finanças, helping everyone who ...
