euPago has completed a two million euro investment in the creation of office 74 in Porto, which it intends to transform into the largest fintech center in Portugal, functioning as an important hub for attracting investment.
The company's objective is to function as a "sandbox" for third parties to test innovative ideas in the market, that is, to host other fintechs in the office that can use the resources of a payment institution for new business opportunities in payment systems in Portugal. " Since there are only four licensed online payment operators in Portugal, we have a social responsibility to support other fintechs with our space and license, and we aim to sponsor 20 startups, new or existing, by the end of the year, " says José Veiga, co-CEO of euPago.
I pay
euPago is a Portuguese company accredited and supervised by the Bank of Portugal, created in 2015 and specialized in supporting payments made over the Internet, with solutions ranging from business e-commerce to private sales, namely Payshop, Paysafecard, MBway, Paysafecash and direct debit.
The company began operations with Multibanco and Payshop as available payment methods. In June 2015, it added MBway to its payment options. During July, it started processing water bill payments, reaching its first 500 customers in September.
In 2020, approximately 10 million transactions were processed, distributed among more than nine million clients. The Portuguese company, which already has an open business with the Bank of Spain, is in the process of acquiring clients in the country, and its medium-term objectives clearly involve European expansion.
