MB Way users can now transfer money to Spain and Italy - Folha Nacional

“The MB Way connection to Spain and Italy is now operational, allowing MB Way users to instantly send and receive money to Bizum and Bancomat mobile numbers, respectively,” SIBS said in a statement. The electronic payment company indicated that, in Portugal, this feature is now available to institutions that already have P2P MB Way transfers in SEPA Inst. In Spain and Italy, the integration of institutions and users of the respective solutions w…

At the end of 2023, the payment service companies SIBS, Bancomat (Italy) and Bizum (Spain) announced a partnership for interoperability, with the objective of allowing their users to make instant payments to each other in the medium term.

With MB WAY, simply select the contact from the list so that the amount is deposited into the recipient's account immediately. SIBS and MB WAY have taken an important step in the development of fast international payments, making it possible, for the first time, to make instant transfers between Portugal, Spain and Italy. The integration of MB WAY solutions with the BIZUM and BANCOMAT platforms, in collaboration with EuroPA – the European Paymen…