Portugal

‘Multibanco + Nearby’ reaches eight parishes and maintains goal from 30 until the end of the year

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Based on a feed excerpt; full article content has not been acquired. Source evidence retrieved 06/10/2026, 11:11:23 UTC.

Briefings

The 'Multibanco + Perto' pilot project is operational in eight Portuguese freguesias, maintaining a target of reaching 30 locations by year-end. Launched in July 2024 by the Ministry of Economy and Territorial Coherence in partnership with the Bank of Portugal, SIBS, and ANAFRE, the initiative uses SmartPOS terminals to provide essential banking services to populations lacking nearby branches. Current data shows 73% of transactions, 14% of service payments, and 11% of balance queries are handled at these points, with the project already serving over 700,000 people.

Key points

• The 'Multibanco + Perto' pilot project is operational in eight Portuguese freguesias, maintaining a target of reaching 30 locations by year-end.
• SmartPOS terminals at these points handle 73% of transactions, 14% of service payments, and 11% of balance queries.

Context

Launched in July 2024 by the Ministry of Economy and Territorial Coherence in partnership with the Bank of Portugal, SIBS, and ANAFRE, the initiative aims to provide essential banking services to over 700,000 people in Portugal who lack nearby branches. The project is a pilot that has already reached 8 locations, with 19 more seeking to join by the end of the year.

Limitations

Data on transaction volumes and service usage is limited to the eight operational freguesias as of the report date. The project's expansion to 30 locations by year-end remains a forecast rather than a confirmed outcome. Specific details on the implementation phase in Castelo Branco are mentioned but not detailed.

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