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Portugal
.avif)
Top e-commerce industries
24%
Electronics
19%
Hobby & Leisure
22.2%
Fashion
Furniture & Homeware
Care Products
DIY
Grocery
Lisbon
Capital
10.2M
Population
-1 to +1
Time Zone (GMT)
EUR (€)
Currency
Euro
$21.8B
Transactions
value in 2028
8%
CAGR
of Digital Payments
during 2025-2028
during 2025-2028
Popularity of e-commerce payment methods
Extend your reach
Banks in Portugal are required to provide third-party providers (TPPs) access to customer data through standardized APIs (Application Programming Interfaces). The Banco de Portugal, the country's central bank, is responsible for regulating and overseeing the open banking framework in Portugal.
Method
Pay by Bank (PT)
Pay by Bank (PT)
LPM Market Share
n/a
Payments
Yes
Refunds
Yes - full refunds only
Type
Bank Transfer
Local Card Scheme
Users
n/a
Disbursements
No
No
Chargebacks
$25.00
Authorization currency
EUR
Authorization
speed
speed
Instant
Recurring
No
No
Reasons for Popularity
There are no officially registered Third-Party Providers (TPPs) within Portugalowever, approximately 74 European TPPs have been passported to operate in Portugal, indicating an active interest in the country’s open banking sector
