By incorporating MB WAY, powered by SIBS, into its acquiring services, Walletto, a European payments provider, has made it possible for companies to provide Portuguese consumers with a quicker, safer, and more seamless payment experience.

Being the most popular mobile payment option in the nation, MB WAY gives businesses new ways to streamline their checkout procedures and boost conversions. With a 45% market share in Portugal's eCommerce transactions, MB WAY is the go-to option for online buyers. SIBS reports that the service has more than 5 million active users and handles over 9 million monthly transactions.

At checkout, customers may easily choose MB WAY, input their cellphone number, and use TouchID or MB WAY PIN to authenticate purchases. An incredible 94% of MB WAY customers choose it as their preferred payment option, and it is supported by 28 banks.

Merchants may benefit from a number of features by integrating MB WAY through Walletto's acquiring services, such as increased conversion rates, less cart abandonment, easy integration, improved security, and customizable refund alternatives.

Consumers may swiftly finish transactions without entering their card information, which minimizes checkout friction. According to SIBS Analytics research, 57% of Portuguese young adults make eCommerce purchases using MB WAY. By lowering the number of abandoned transactions, the seamless payment procedure enhances the general consumer experience.

Businesses may access a larger client base, increase conversion rates, and boost consumer trust because to MB WAY's broad acceptance and user-friendliness. Both businesses and customers gain from MB WAY's seamless and secure transaction procedure, which permits payments without demanding sensitive payment information.