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Europe market brief · Updated Jul 31, 2026

iGaming payments in Portugal

Multibanco and MB WAY lead, and the market runs on vouchers and cash, settling in EUR. 16 providers reviewed on this site reach a local rail, 8 of them by direct acquiring.

betting: regulatedcasino: regulatedSee it on the map
Vouchers & cashMarket dataBy the iGaming Payment Solutions Editorial Team

16

Providers with a rail here

8

Reach it directly

2

Local rails

EUR

Settles in

Quick info

Currency
EUR
Region
Europe
Betting
regulated
Casino
regulated
Dominant rail
Vouchers & cash
Providers
16 (8 direct)
Regulator
SRIJ
Enforcement
site blocking

The rule in Portugal

Regulator, licensing and what it means for payments

Portugal licenses online gambling through SRIJ, part of Turismo de Portugal, on 3-year renewable licenses. Each license requires a EUR500,000 guarantee for player liabilities plus EUR100,000 against the special gambling tax. Games of chance pay 25% of GGR, while fixed-odds sports betting is taxed on turnover at 8%. Enforcement runs through cease-and-desist orders and ISP blocks, with more than 1,500 illegal sites ordered blocked since the market opened in 2015, alongside cooperation with banks to disrupt payment flows. SIBS owns both Multibanco and MB WAY.

Payment methods in Portugal

The rails players reach for, in the order that matters locally

  • Multibancodominant

    vouchers & cash

    Multibanco is a SIBS reference-code payment that takes deposits only. The operator needs a SIBS acquiring relationship to generate references.

  • MB WAYdominant

    mobile money

    MB WAY is the mobile payment app from SIBS. It carries instant deposits and is the main withdrawal method, because Multibanco cannot pay out.

Which providers reach these rails

16 of the providers rated here reach a local rail in this market

Direct acquiring

8

A direct relationship with the local rail rather than a hop through someone else's.

Aggregated or indirect

8

Reached through open banking, an aggregator, a partner PSP or a wallet rather than through the provider's own local acquiring.

What it costs to operate, and who enforces

Operator tax

25% of GGR on games of chance and 8% of turnover on fixed-odds sports betting

License economics

3-year renewable license with a EUR500k player-liability guarantee plus EUR100k against the special gambling tax

Regulator

SRIJServiço de Regulação e Inspeção de Jogos

Enforcement reaches

site blocking