Multibanco Casino List – Online Casinos With Multibanco

Multibanco was founded in 1985, by the Sociedade Interbancária de Serviços (Interbank Service Society), more commonly known as SIBS. The organization’s goal was to address one of the most glaring issues on the Portuguese financial market – a lack of cooperation between banks.

Since there were so many competing institutions, account holders were essentially trapped in small networks. There weren’t a lot of ATMs, and using cards was quite a hassle for the average Joe in Portugal. So, in 1985, they launched the Caixa Automático Multibanco (Multibanco ATM) project. It started off with just 12 ATMs in Lisbon and Porto. People were delighted at the opportunity that they could withdraw money and check their balance, regardless of which bank they were customers of.

Both financial experts and customers directly credit Multibanco with making card use accessible to everyone. The Multibanco ATM project was an instant hit, and the company found it hard to keep up with increasing demand. In 1995, they already had almost 4,000 ATMs throughout the country. Just 11 years later, in 2006, that number grew to 11,200. Today, it is estimated that there are around 13,000 ATMs run by Multibanco. The company received international praise and its network is widely regarded as one of the most efficient and widespread in the whole world, not just Europe.

Multibanco finally went online in 2000, and it seems like they chose the right time to do so. Just as the internet was becoming widely accessible, people were quick to jump on the digital bandwagon. This put Portugal amongst the top nations when it came to the number of people using online banking services.

Today, Multibanco is far more than a card provider or an ATM operator. With 27 bank members, they are by far the largest financial institution in the country. Their presence is felt in every nook and cranny of Portuguese society, as the number of available services is growing each year. We’ll cover some of them later on, but first, let’s take a look at where can you use Multibanco for casino deposits.

Multibanco Updates

• July 2021: Multibanco is distinguished as the payment service brand with the best reputation and emotional relationship index according to OnStrategy, a multidisciplinary consulting firm.
• March 2021: SIBS develops the home banking activation service for a national reference bank through Multibanco ATM Network.
• December 2020: On December 31, 2020, the Multibanco Network processed 326 transactions per second, which is the record number so far.
• April 2020: SIBS partners with InnoWave to create the Sem Filas app that enables MB WAY users to know the waiting time in queues of local markets near their location and avoid the exposure to the Coronavirus.
• December 2019: MB Way adds the Ser Solidário option that allows its users to make donations quickly.
• December 2022: PPRO Enables Cross-Border Ecommerce in Portugal with Local Payment Solutions.

Simply put, Multibanco are masters of security. Not only do you need to enter a PIN code to log into your account, but there’s also the requirement of manually approving every single deposit you make. In case your phone or computer gets stolen, even the most skilled thief wouldn’t be able to get a hold of your money.

The site also uses SSL encryption to shield all data. And on top of all that, you’ll be using a virtual card. It stays in your MB Way app and it can’t be compromised. So, if safety and security are your priorities, Multibanco is the payment method tailor-made for you.