Boosting E-Commerce in Portugal: Ecommpay Teams Up with MB Way for Seamless Payment Solutions

Boosting E-Commerce in Portugal: Ecommpay Teams Up with MB Way for Seamless Payment Solutions

In a significant move to enhance digital payments in Portugal, the inclusive global payments platform Ecommpay has announced a partnership with MB Way, the country’s leading e-wallet. This collaboration aims to streamline the payment process for Portuguese consumers by simplifying pay-ins and refunds while reducing associated costs.

The Importance of Local Payment Methods

Research indicates that nearly 75% of consumers may abandon their purchases if their preferred payment method is not available. By integrating MB Way, Ecommpay enables merchants to enhance their checkout processes and cater to a widely-used local alternative payment method (APM).

Benefits of Ecommpay and MB Way Partnership

  • Easy Expansion: Ecommpay’s global merchant clients can seamlessly offer MB Way as a payment option, facilitating entry into the Portuguese market.
  • User-Friendly Experience: The MB Way app allows customers to make euro (EUR) payments, send or request money, and manage funds directly from their mobile devices.
  • Popular Among Young Consumers: A reported 57% of young adults utilize MB Way for their e-commerce purchases.
  • Widespread Acceptance: Approximately 47% of the Portuguese population shops with merchants that accept MB Way, making it essential for businesses aiming to thrive in the region.

Insights from Ecommpay’s Leadership

Rosanna Helm-Visscher, the global head of partnerships at Ecommpay, emphasized the company’s dedication to diversifying its payment network. She stated, “It’s critical that we provide merchants with the ability to optimize their checkout with local APMs.”

Helm-Visscher also noted, “Our goal is to reduce the complexity of the fragmented alternative payment method landscape for merchants by integrating as many APMs as possible – we currently have over 100 on our platform.”

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Conclusion

With the integration of MB Way, merchants can now expand into Portugal without the need for a dedicated Portuguese Payment Service Provider, simplifying the process and reducing resource demands. The introduction of regional payment options through Ecommpay’s dynamic checkout will create a smoother payment journey for customers, ultimately lowering the chances of cart abandonment.

For more information on Ecommpay’s services, visit their official website. To learn more about MB Way, check their website.

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