We celebrate 20 years since the first Multibanco reference was paid

17
OCT
2025

We celebrate 20 years since the first Multibanco reference was paid

This year we celebrate a historic milestone: 20 years since the first Multibanco reference was paid through our platform. This moment marked the beginning of a new era in digital payments in Portugal and strengthened our commitment to innovation, trust, and technological excellence.

Our first client was the Bombeiros Voluntários da Feira (Voluntary Firefighters of Feira), who completed the very first payment using an ifthenpay-issued Multibanco reference. The operation took place on October 17, 2005, with the following details:

  • Entity: 10559
  • Reference: 010 281 429
  • Amount: €24.00

This pioneering payment validated the reliability and security of our solution and symbolized the beginning of a growth and innovation journey that makes us deeply proud.

Since then, we have established ourselves as a national benchmark in payment solutions, supporting thousands of public and private entities and contributing to the development of e-commerce and Portugal’s digital economy.

“Marking this moment is about recognizing the trust of our clients and partners, and the impact Portuguese technology can have when it serves people and institutions,” our management reinforces.

With two decades of history and commitment, we remain true to our original purpose: to simplify payments, strengthen the digital economy, and continue creating solutions that unite technology, trust, and proximity.

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