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Banks in Portugal are required to provide third-party providers (TPPs) access to customer data through standardized APIs (Application Programming Interfaces). The Banco de Portugal, the country's central bank, is responsible for regulating and overseeing the open banking framework in Portugal.

Method
Pay by Bank (PT)
LPM Market Share
n/a
Payments
Yes
Refunds
Yes - full refunds only
Type
Bank Transfer
Local Card Scheme
Users
n/a
Disbursements
No
No
Chargebacks
$25.00
$25.00
Authorization currency
EUR
Authorization
speed
Instant
Recurring
No
No