Payment Methods in Portugal: How to Send Money Abroad with PandaRemit

Introduction

Portugal is a vibrant European country with a mix of traditional and modern payment methods. Understanding payment methods in Portugal is essential for locals, expatriates, and businesses who want convenient and reliable ways to manage money.

For international remittances, PandaRemit provides a secure, fast, and low-cost way for residents to send money abroad from Portugal.

Why Payment Methods Matter in Portugal

Payment methods influence daily convenience, financial inclusion, and international connectivity. While cash and cards remain widely used, digital wallets are increasingly popular. For cross-border transfers, having a reliable solution like PandaRemit ensures that money can reach its destination quickly and safely.

Country Stats

• Population: ~10.3 million

• GDP (USD): $264 billion

• Currency: Euro (EUR)

Country Overview Table

Main Local Payment Methods in Portugal

1. Cash

Cash is still commonly used for small transactions, local markets, and restaurants. It remains a trusted option despite the growth of digital payments.

2. Credit and Debit Cards

Visa and Mastercard are widely accepted. Contactless payments are popular, especially in urban areas and larger stores.

3. Mobile Wallets and Digital Banking

Digital payment methods like MB WAY, Apple Pay, Google Pay, and mobile banking apps are gaining popularity, especially among younger generations and tech-savvy users.

4. Bank Transfers

SEPA bank transfers are commonly used for salaries, utility bills, and recurring payments. Online banking platforms facilitate efficient domestic transfers.

International Transfers from Portugal

Domestic payments are handled with cash, cards, and digital wallets. However, many residents need to send money internationally for family support, education, or business purposes. Traditional bank transfers can be slow and expensive.

PandaRemit offers a modern, convenient alternative:

• Lower fees than traditional banks

• Fast transfer times, often within hours

• Secure and regulated transactions

With PandaRemit, sending money abroad from Portugal is simple, fast, and reliable.

How to Pay in Portugal 

FAQ

1. Is PayPal available in Portugal?
Yes, PayPal is widely available, but many residents prefer cards or MB WAY for convenience.

2. Are credit cards widely accepted?
Yes, most retailers, restaurants, and online platforms accept major credit and debit cards.

3. Do people still use cash?
Yes, cash remains common, particularly for small shops, markets, and rural areas.

4. How can foreigners pay easily in Portugal?
International credit/debit cards, MB WAY, and digital wallets are convenient options.

5. How to send money internationally using PandaRemit from Portugal?
Sign up on PandaRemit, select the recipient country, enter recipient details, and complete payment securely via local methods.

Conclusion

Portugal combines traditional and modern payment methods, including cash, cards, and digital wallets. For domestic transactions, residents have flexible options, while for international remittances, PandaRemit stands out as the go-to solution, offering secure, fast, and affordable transfers from Portugal to the world.