MEO Wallet

What MEO Wallet does

MEO Wallet is a Portugal-focused digital payment platform operated by Altice Pay, S.A., a payment institution registered with Banco de Portugal under registration number 8705 and wholly-owned by Altice Portugal (formerly PT Portugal). The platform serves Portuguese e-commerce merchants and consumers, providing unified access to domestic payment methods (Multibanco references and MB WAY mobile payments via SIBS) and international methods (Visa, Mastercard, Google Pay, Apple Pay, Samsung Pay, PayPal) through a single integration. Headquartered at Av. Fontes Pereira de Melo, Lisbon, with €4.15 million registered share capital, the company has continuously published annual reports since 2014.

The underlying technology is a REST-based HTTP API platform with JSON payloads, anchored by the ProCheckout hosted checkout API and complemented by a suite of specialized APIs: Prows 2 for direct credit card and MB WAY payments with 3-D Secure 2, PSD2 Open Banking APIs compliant with STET framework v1.6.2 (supporting AISP and PISP roles), SEPA Direct Debit API, Subscriptions API for recurring billing, Marketplace Split Payments API with rational-number precision, Multibanco Reference generation API, Authorization Management API, and IFrame Checkout. Native SDKs are provided for iOS (PTPaySDK.framework) and Android (sapo_android_paysdk_light.jar) with app-switching payment flow. E-commerce merchants integrate via official plugins for WooCommerce (v2.0.0, supporting Block-based Checkout), Magento (1.5-2.4), Prestashop (1.5-1.7.7), OpenCart (2.0-3.x), and Joomla/j2store. The platform holds PCI DSS certification, enabling non-certified merchants to accept cards via Secure Form Fields.

The business model is transaction-fee-based with five distinct fee streams (card processing, MB WAY, Multibanco references, wallet balance payments, and bank transfer fees), all-inclusive of 23% VAT, with commission minimums of €0.01. Pricing ranges from up to 3% on card transactions down to 0.3% for face-to-face wallet balance payments, with free bank transfers under €100,000. Go-to-market is API-first with self-service merchant onboarding through wallet.pt for SMBs and individual merchants, supplemented by direct enterprise sales support for configurations requiring special API permissions (SEPA DD mandates, authorization checkouts, PSD2 Open Banking). Distribution leverage flows from the Altice Portugal parent through the MEO telecommunications brand.

Name

MEO Wallet

Legal name

Altice Pay, S.A.

Website

https://wallet.pt

Company type

Private

Operating status

Operating

Short description

MEO Wallet is a Portugal-focused digital payment platform operated by Altice Pay, S.A., providing e-commerce merchants and consumers unified access to Multibanco, MB WAY, and international payment methods via REST APIs, hosted checkout, mobile SDKs, and PSD2 Open Banking services.

Ownership category

akta.pro rank

Product category

Payment Processing

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)

SIC

Finance Services (6199)

akta.pro primary industry

General-Purpose Digital Wallets (P2P + Merchant) (FSAMAEAA)

akta.pro secondary industries

Digital Wallet Platforms (Consumer & Merchant) (BPAMAFAC), Alternative Payment Methods (APMs) Enablement (BNPL, wallets, local methods) (FSAMACAE)

Keywords

• Payment processing services
• Digital wallet platform
• Online payment gateway
• Merchant payment solutions
• Payment API services

Headquarters

HQ city

Lisbon

HQ country

Portugal

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Infrastructure, Operations, Marketing or Sales

Revenue model

1. Payment Processing Fees (Card): Transaction fees charged to merchants for processing credit and debit card payments through the platform. Fees vary by payment method and card type, with reduced rates for domestic cards versus foreign cards.
2. Payment Processing Fees (MB WAY): Fees charged for MB WAY mobile payment transactions, a Portugal-specific payment method available on smartphones using the Multibanco network.
3. Payment Processing Fees (Multibanco): Fees for generating and processing Multibanco payment references, a popular deferred payment method specific to Portugal with extensive ATM network coverage.
4. Wallet Balance Payments: Reduced fees for payments made using existing MEO Wallet account balances, incentivizing fund retention within the platform ecosystem.
5. Bank Transfer Fees: Fee charged for transferring wallet balance to merchant bank accounts above certain thresholds, with free transfers under the threshold to encourage merchant fund withdrawals.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

MEO Wallet is a digital payment platform operated by Altice Pay, S.A. that enables merchants to accept multiple payment methods (Visa, Mastercard, Multibanco, MB WAY, Google Pay, Apple Pay, Samsung Pay, PayPal, and wallet balance) through a unified REST-based API. The platform provides both a hosted checkout (ProCheckout) and direct API integrations, along with mobile SDKs, e-commerce plugins, and additional services including PSD2 Open Banking, SEPA Direct Debit, marketplace split payments, and recurring subscriptions.

Product overview

MEO Wallet is a digital payment platform operated by Altice Pay, S.A. (registered with Banco de Portugal under nº 8705) offering a comprehensive suite of payment solutions for consumers and merchants in Portugal. The core MEO Wallet platform provides digital wallet functionality for storing funds, making payments, and receiving money through multiple channels. The product ecosystem includes ProCheckout (hosted payment page API), Prows 2 API (direct card/MB WAY payments), PSD2 Open Banking API, SEPA Direct Debit API, Subscriptions API (recurring billing), Marketplace API (split payments), and Mobile SDKs for iOS/Android. E-commerce merchants can integrate via official plugins for Magento, Prestashop, OpenCart, Joomla/j2store, and WooCommerce. The platform supports diverse payment methods including credit/debit cards (Visa/MasterCard), MB WAY, Multibanco references, Google Pay, Apple Pay, Samsung Pay, and PayPal.

Differentiator

Problem solved

Functional benefit

Products and services

• MEO Wallet Digital Wallet Digital wallet and payment service platform operated by Altice Pay, S.A., a payment institution registered with Banco de Portugal. Enables consumers and merchants to make and receive payments via multiple methods including card payments, MB WAY, Multibanco references, and wallet balance transfers.
• ProCheckout API Hosted payment checkout solution that handles all complexity of dealing with different payment providers. Provides single API for Web, Mobile, and other channels such as MEO Interactive TV. Supports multiple payment methods including wallet balance, Multibanco, MB WAY, credit/debit cards, Google Pay, Apple Pay, Samsung Pay, and PayPal.
• Prows 2 Credit Card API Direct credit card payment and authorization API supporting anonymous payments, card tokenization, and 3-D Secure 2 authentication. Includes Secure Form Fields feature for PCI-compliant card data collection without merchant PCI DSS certification.
• PSD2 Open Banking API Open Banking API compliant with PSD2 directive following STET framework v1.6.2. Provides Account Information Service (AIS) for accessing account/transaction data and Payment Initiation Service (PIS) for initiating payments. Requires PSD2 eIDAS certificates (QWAC and QSealC).
• SEPA Direct Debit API API for creating SEPA direct debit mandates and processing payments from customer bank accounts. Supports single and recurring payments via IBAN-based SEPA scheme.
• Marketplace API API extension enabling split payments for marketplace platforms. Allows automatic payment distribution to multiple sub-merchants with configurable fixed and variable fees per transaction, with rational number arithmetic for fractional amount precision.
• Subscriptions API Recurring billing API enabling long-term payment authorizations from customers. Supports DAY, WEEK, and MONTH billing periods with configurable frequency and amounts. Includes subscription lifecycle management (NEW, APPROVED, FAILED, EXPIRED, VOIDED, CANCELED states).
• MB WAY Payment API API for processing MB WAY payments and authorizations without hosted checkout. Enables direct payment initiation to customer mobile phones with notification-based authorization flow.
• Multibanco Reference API API for generating Multibanco payment references on demand. Supports regular references, time-limited references, instant references (finer time granularity), and recurring references for multiple payments against a single reference.
• Authorization Management API API for managing credit card and MB WAY payment authorizations. Supports capture (settlement), partial capture, and release operations. Authorization validity period and capture limits configurable.
• IFrame Checkout Alternative checkout integration method using iframe embedded in merchant website. Eliminates redirect to external checkout page while maintaining MEO Wallet payment processing. Requires HTTPS and store registration with MEO Wallet support.

Quantifiable outcome

• Commission as low as 0.05€ + 0.6% for MB WAY transactions versus up to 3% for standard card processing
• +1 more outcomes

Segments3 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration16 records

Feature8 records

Partnerships

Six partnerships are on record, tiered core.

• Altice PortugalcoreStrategic or Co-development PartnerMEO Wallet is a service of Altice Pay, S.A., a wholly-owned subsidiary of Altice Portugal (formerly PT Portugal). This parent-subsidiary relationship provides brand association, distribution leverage through MEO telecom customer base, and corporate backing for regulatory licensing and financial requirements.
• VisacoreTechnology or IntegrationMEO Wallet supports Visa card transactions through ProCheckout API and direct card processing, enabling merchants to accept Visa-branded credit and debit cards.
• MastercardcoreTechnology or IntegrationMEO Wallet supports Mastercard card transactions through ProCheckout API and direct card processing, enabling merchants to accept Mastercard-branded credit and debit cards.
• MB WAY (SIBS)coreTechnology or IntegrationMB WAY is a Portugal-specific mobile payment method available on smartphones using the Multibanco network. MEO Wallet integrates MB WAY as a supported payment method for both online and face-to-face transactions.
• Multibanco (SIBS)coreTechnology or IntegrationMultibanco is Portugal's dominant deferred payment network with extensive ATM infrastructure. MEO Wallet provides Multibanco reference generation and processing, allowing merchants to accept payments through the MB reference system.
• Banco de PortugalcoreOthersMEO Wallet operates as a payment institution registered at Banco de Portugal under registration number 8705, providing official regulatory authorization to operate payment services in Portugal.

Scale indicators4 records

Recent moves1 record

Expansion highlights6 records

Broad incumbents

• Adyen: Global omnichannel payment processor serving enterprise merchants. Competes with MEO Wallet for larger Portuguese merchants needing unified online/in-person acquiring and global payment method coverage.
• Stripe: Global payment platform with strong developer experience that increasingly supports Portuguese local payment methods (including Multibanco via partners). Represents the strongest cross-border competitive threat to MEO Wallet for scaling Portuguese merchants.
• Worldline: Major European payment processor with deep SEPA, card acquiring, and Open Banking capabilities across Iberia and the broader EU. A relevant broader competitor for Portuguese enterprise merchants and PSD2/Open Banking opportunities.
• SIBS: Operates the Multibanco ATM network and MB WAY mobile payment system that MEO Wallet integrates with. As both infrastructure operator and a competing payment service provider in Portugal, SIBS is the most consequential direct counterparty and competitor to MEO Wallet in the domestic market.
• PayPal: Already integrated as a payment method inside ProCheckout, PayPal also competes with MEO Wallet directly for Portuguese merchant acquiring, particularly among cross-border SMBs and consumer-facing digital goods merchants.

Direct peers

• IfthenPay: Portuguese payment gateway with deep Multibanco/MB WAY integration and a broad SMB merchant base. Competes head-to-head with MEO Wallet for Portuguese e-commerce merchants seeking local payment method support.
• EuPago: Portuguese payment processor specializing in Multibanco/MB WAY reference generation and online payment services for SMBs and enterprises. Overlaps directly with MEO Wallet's core value proposition of consolidating local payment methods through a single API.
• Easypay: Portuguese payment institution offering Multibanco references, MB WAY, and card acquiring to Portuguese merchants via APIs and plugins. Directly competes with MEO Wallet in domestic e-commerce acquiring and shares the same Portugal-only geographic footprint.

Emerging players

• Mollie: European payment service provider offering localized payment methods across multiple European markets. Relevant comparable for the European SMB-acquiring model that MEO Wallet operates in Portugal, and a likely expansion template for MEO Wallet if it ever internationalizes.
• Checkout.com: Global digital payments processor with growing European merchant base and increasing local payment method coverage. Comparable to MEO Wallet's API-first developer-focused approach and competes for the same Portuguese enterprise and platform merchants.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about MEO Wallet