PPRO adds MB WAY to its Portuguese payment method offering

PPRO, the leading provider of digital payment infrastructure, has announced that it has expanded its coverage of the Portuguese market by integrating MB WAY, Portugal’s leading provider of mobile wallets, on its platform. This development comes as a result of PPRO’s long-standing partnership with SIBS and Deutsche Bank Portugal.

MB WAY has a large consumer base of over 4.5 million users and is supported by 28 banks across Portugal. With a market share of 45% of national e-commerce transactions and an extensive user base, Payment Service Providers (PSPs) and their merchants looking to expand and grow in the Portuguese market must offer MB Way as a payment method at checkout.

According to PPRO data, the Portuguese e-commerce market, which is currently worth USD 13.9 billion, is expected to grow to USD 22.6 billion by 2026. For online stores that want to capitalize on this huge growth, they create a seamless payment experience tailored because how Portuguese consumers spend their money is crucial.

This integration consolidates PPRO’s Portuguese payment portfolio as one of the most comprehensive in the market.

“Portugal offers PSPs and their merchants a solid opportunity to tap into a thriving e-commerce market, and we are delighted to have integrated MB WAY onto our platform. At PPRO, we are committed to building the most comprehensive digital payments infrastructure to support PSPs and merchants in accessing new cross-border markets and customers. Our offering of digital payment methods is available through a new orchestration layer that means our customers can seamlessly optimize and scale their payment services as needed. James Booth, VP, Head of Partnerships EMEA at PPRO.

Miguel Santos, VP, Corporate Coverage at Deutsche Bank Portugalso: “Powered by PPRO’s digital payment infrastructure, Portugal’s leading digital payment method MBWay will now reach the global e-commerce ecosystem and generate more opportunities for merchants. We are delighted to be able to support MBWay on their journey of expansion across national borders.”

PPRO achieved unicorn status last year after raising $270 million from JP Morgan, Eldridge, Eurazeo Growth, Sprints Capital and Wellington Management. Earlier this year, PPRO acquired Alpha Fintech, a next-generation payments technology company, in a deal that expands PPRO’s offerings and strengthens its presence and networks globally.