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Payment Method: Multibanco
Multibanco is a payment system used in Portugal, which was introduced in 1985. It allows users to make various types of transactions, such as payments, withdrawals, and deposits, using an ATM or a computer.
One of the main features of Multibanco is its interoperability, which means that it can be used by customers of different banks. Multibanco is operated by SIBS (Sociedade Interbancária de Serviços), which is a company owned by Portuguese banks.
Multibanco is widely used in Portugal and is considered a convenient and secure way to make payments. In addition to traditional ATM transactions, it also allows users to pay bills, purchase tickets for events, and make donations to charitable organizations.
To use Multibanco, customers need to have a Multibanco card, which is usually provided by their bank. When making a payment or other transaction, customers enter their card and a PIN number, and follow the on-screen instructions.
Overall, Multibanco is a well-established payment system in Portugal that provides customers with a convenient and reliable way to make transactions.
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