MBWay is an online payment method that allows users to transfer money in real-time between Portuguese bank accounts. This method is available to customers of several Portuguese banks, such as Millennium BCP, Caixa Geral de Depósitos, Novo Banco, Banco Montepio, Banco CTT, and Banco Santander Totta.
The MBWay service allows users to make payments using their smartphone or tablet. Transactions can be made using the user’s mobile phone number, which is linked to their bank account. Users can send and receive payments using the MBWay mobile app, available on iOS and Android.
One of the most popular features of MBWay is the ability to make instant payments, meaning that money is transferred in real-time between users’ accounts. Transactions are secured using advanced security protocols, such as two-factor authentication.
MBWay is also widely used in Portugal for online payments, payments in physical stores, and money transfers between friends and family. It is a convenient and fast payment method that is becoming increasingly popular among Portuguese consumers.