Walletto continues to revolutionize the payments landscape with the integration of MB WAY – powered by SIBS – the leading mobile payment method in Portugal. This powerful addition to Walletto’s Acquiring services opens up new opportunities for businesses to offer faster, safer, and more efficient payment experiences to its customers.
The growing power of MB WAY in Portugal
MB WAY holds a commanding 45% share of the eCommerce transaction market in Portugal, making it the preferred choice for online shoppers. The service boasts a strong community of over 5 million active users and processes 9 million purchases per month (SIBS). The user-friendly process is straightforward: customers simply select the MB WAY payment option during checkout, enter their mobile number, and authenticate their transaction via MB WAY PIN or TouchID. This hassle-free experience has led to impressive statistics: the service is backed by 28 banks, and 94% of MB WAY users consistently select it as their preferred payment method.
How does MB WAY benefit merchants?
For merchants looking to enhance their payment offerings, integrating MB WAY through Walletto Acquiring provides a range of benefits:
- Increased conversions
With just a few clicks, your customers can complete their purchase without the need to input card details, reducing friction at checkout and boosting conversion rates. According to SIBS Analytics, 57% of young adults in Portugal use MB WAY for e-commerce purchases. By integrating this option, businesses can tap into a large, tech-savvy demographic.
- Reduced cart abandonment
MB WAY’s quick and frictionless payment process enhances the overall customer experience, reducing barriers at checkout and minimizing cart abandonment rates.
- Simple integration and setup
Merchants can easily integrate MB WAY into their online stores, offering a smooth setup process and the ability to accept payments in EUR.
- Secure transactions
MB WAY ensures that transactions are protected with the same level of security as credit cards. Customers authenticate payments with their MB WAY PIN or TouchID, ensuring peace of mind.
- Partial & rull refund options: Walletto Acquiring offers flexible refund options, allowing merchants to provide better customer service.
MB WAY’s appeal to businesses
For companies looking to expand their reach, MB WAY presents an ideal solution. With its widespread adoption and ease of use, it equips businesses with the tools to cater to a broad customer base. By enabling payments without requiring sensitive payment information, businesses can enhance customer trust and improve conversion rates. Additionally, MB WAY helps save time during checkout, ensuring a faster, smoother transaction process.
This simple, quick payment method not only boosts sales but also ensures a secure, frictionless experience for customers.
Ready to discuss how Walletto Acquiring can streamline your payment processing, enhance security, and boost transaction efficiency for your business?
Get in touch: https://walletto.eu/acquiring/