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Wallet Database


21st of August 2016


  • Summary: MBWAY is a cards-based digital wallet for online and in-app purchases as well as P2P payments. MBWAY is operating in Portugal and was launched in Oct 2015. MBWAY has been developed by SIBS (with the participation of most banks in the Portuguese banking system)

  • Website

  • Status: Live

  • Market: Portugal (Oct ’15)

  • Type: Bank Consortia

  • Ownership: SIBS (, with the participation of most banks in the Portuguese banking system

  • Functions: Retail and P2P payments.

  • Payment Mode: Cards-based

  • Channel: In-App, Web, POS via phone number.

  • Roadmap: n/a

User Experience

  • Registration & set up: User has to be a customer of one of the Adhering Banks. A phone number must be linked to MB WAY. App is available on App Store, Google Play and Windows Store. Service must be associated to a mobile device (smartphone or tablet)

  • Making a payment:

    ONLINE: Select MBWAY as payment method and enter the phone number. Authenticate with PIN code.

    POS: Merchant enters customer’s phone number. Users receive a notification on their apps. Authenticate with PIN code.

Payment Flows & Technology

  • Merchant perspective: The merchant processes a payment using his integrated (existing + MB WAY) processing systems.  The day after the completion of the sale, merchant’s account will be credited with all the security. (Update to follow – Further information being obtained)

  • Security: MB NET is a security solution which generates virtual cards and makes purchases with complete safety at any site that accepts payments with American Express, MasterCard or Visa. User pays without indicating the actual number of his credit or debit card

Business Model

  • Strategy: (Update to follow – Further information being obtained)

  • Payee fee: Merchants are charged for the use of MBWAY. The fee can vary from one provider (bank) to another

  • Payer fee: No charge for consumer 

Performance Data

Contact (MobeyForum Members only)

  • Name: N/A

  • Address: N/A

  • Email: N/A

  • Phone: N/A