The multiphase configuration reduces ripple, as the ripple from the phases partially cancels out. This helps to get away with less capacitors.
The 2nd point is that at the same frequency the possible reaction speed gets multiplied by the number of phases. Keeping the switching frequency low helps getting better efficiency and less EMI.
The normal PCBs already now have a hard time with that much currrent in a small area and sharing the current over several phases helps a little, though there is still the ripple current to overlap.