UK-based payments provider Exactly.com has expanded its platform capabilities by integrating two of Portugal’s most popular payment methods: MB WAY and Multibanco. The integration aims to help merchants enhance their local market reach and unlock greater revenue opportunities.
Multibanco enables secure transactions through ATMs and online banking, while MB WAY offers a fast, mobile-first payment option designed for today’s digital shoppers.
Multibanco plays a significant role in Portugal’s online economy, accounting for over 20% of e-commerce transactions and supporting 23 million cards—more than twice the population of 10 million. Meanwhile, MB WAY is backed by 28 banks, covering 95% of the national banking market. It currently handles 45% of all online purchases, serving over 3.5 million users and processing nearly 9 million transactions monthly.
MB WAY is particularly popular among younger consumers. According to SIBS Analytics, 57% of young adults use MB WAY for eCommerce purchases, further solidifying its role in driving digital payments in Portugal.
The addition of MB WAY and Multibanco to Exactly.com’s portfolio enhances its ability to deliver flexible, localised payment solutions, enabling UK businesses to efficiently connect with Portuguese consumers, and giving them the possibility to pay in their preferred way.
COO at Exactly.com Mark Andreev: “What we see is that UK businesses looking to expand often find the payment landscape unclear, particularly when it comes to how consumers pay in different markets. At Exactly.com, our mission extends beyond providing payment solutions and methods for eCommerce businesses. We work closely with our clients to support their growth, both in the UK and across the EU, ensuring they can scale effectively by educating them on local market needs and identifying potential areas where conversions might be lost.”
Mark adds that by offering continuous support and sharing its expertise, Exactly.com helps businesses address challenges before they become obstacles, especially when expanding into new markets, such as Portugal.
