The financial institution Viva.com announced on Monday, September 7th, its direct joining of the Multibanco Network and MB Way, becoming the first international bank to connect directly to the Portuguese national payment system. In a statement, the company explained that it will now make Multibanco card and MB Way payments available to merchants in Portugal and Europe.
This integration gives Viva.com's partner network access to a base of more than nine million Multibanco cardholders and more than seven million MB Way users. The technology applies to both in-person transactions, through contactless payment or QR code on mobile devices, as well as to electronic commerce.
Pedro Saldanha, responsible for Viva.com in Portugal, highlighted that the company is the first international bank to have a direct connection to the MB national payment scheme, processing MB Way transactions through its own terminal software. The company's strategy involves the individual connection to domestic payment systems of various European countries to operate on a single platform.
Viva.com is a European credit institution focused on payment services and banking for businesses, operating in 31 countries. The integration also allows European merchants outside Portugal to accept payments via MB Way made by Portuguese users.
