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Multibanco and MB WAY give Portugal a distinctive domestic payment ecosystem alongside international cards. SEPA banking adds euro account transfers and direct debits, serving approximately 10.8 million residents in 2025 in an economy whose GDP per capita was close to US$32,100.
Population
11MGDP
$347BGDP per Capita
$32KGDP Growth
1.9%Cash in Portugal
Cash covered 54% of Portuguese point-of-sale transactions in 2024, down from 2022. Multibanco and MB WAY give shoppers domestic alternatives to using banknotes, but the growth of mobile payments has not displaced cash from purchases.
ATMs (PER 100K)
156.6BANKS (PER 100K)
27.1DEBIT CARDS (PER ADULT)
2.7CREDIT CARDS (PER ADULT)
1.0Payment Methods
Estimated Monthly Usage, Aurato Research, October 2026
Schemes
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Systems
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