República Portuguesa! A splendid country with fantastic history and welcoming people. The land of notorious coastlines, breath-taking Algarve, and Lisbon, the City of the Seven Hills, in which you will find colourful buildings, great spots for traditional Fado music, and iconic yellow trams travel around well-preserved landmarks. Did you know Portugal is the oldest continuously existing nation-state on the Iberian Peninsula and one of the oldest in Europe? The significant geopolitical characteristic of the land as a bridge between Europe and the Atlantic Ocean makes it a unique and perfect destination worldwide. Thus, the country is spot on in demand for investors and travellers who see great potential.
Just like everyone, we have fallen in love with Portugal and Portuguese culture at first sight. No, not because of the delicious Pastel de Nata or blue Azulejo tiles. OK! Maybe a little bit! Since we stepped in, we have realized that the statistical ranks are highly accurate about peacefulness, democracy, stability, social progress, prosperity, and proficiency in English. With the friendly attitude of lovely Portuguese folks, here is a magnificent land to work with, operate and reside in.
Being a developed country with an advanced economy, Portugal is a member of the United Nations, the European Union, the Schengen Area and the Council of Europe (CoE), besides being the founding member of NATO, the Eurozone and the OECD (Organisation for Economic Co-operation and Development). Therefore, it does not surprise anyone that such a dynamic country provides a plethora of payment methods in Portugal.
Like every country we serve, our internal professional team implied a comprehensive exploratory about popular Portugal payments methods before entering the market. We have found multiple options varying from credit/debit cards to e-wallets. But the one we have been searching for was a local and functional interbank network to make our users feel at home. The answer was so obvious! A network linking Portuguese banks through an extensive network including more than 12,000 ATMs over Portugal for decades, Multibanco!