Multibanco, MBWAY and PAYSHOP payments has numerous advantages for your business:

  • free for users

  • payments 24 hours a day with real-time notifications

  • secure payments in Multibanco ATM, MBWAY and PAYSHOP

  • protected user data, no need to enter bank or card information

  • multichannel payments: multibanco ATMs, Homebanking,
    mobile phones, mPOS, MB SPOT network, MBWAY,
    PAYSHOP network, Post Offices

  • directly from user's bank accounts
    no need for pre-load wallets

  • fully checkout inside seller's website

  • free APP for payments tracking

  • more automation, less administrative work,
    greater effectivness sales


Annual Payments Ifthenpay (M€)

Year Annual Volume

Number of Merchants

Year Merchants
Distribution by Sector (Volume in M €)
Payments by Terminal Type (%)

How it works


The Multibanco, MBWAY or PAYSHOP references are automatically integrated in your online store, emails, SMS, traditional paper documents like invoices or orders


Immediately after payment, in real-time, ifthenpay notifies you (by email, push notifications, callback, webservice, or just check our APP or backoffice)


Ifthenpay daily transfers the payments amount less the comission

ifthenpay icon carteira

Channels/Forms of Payment

Ifthenpay references can be paid on any of the following channels:

Multibanco ATMs terminals:

There are thousands of ATMs spread all over the country;


Comfortably at home on the banks websites or APPs;


Through the MBSPOT network;


In the PAYSHOP network and Post Offices for cash payments;

Bank Cards:

Currently there are over 19 million MB cards, 98% of which are co-branded with international reference systems such as Visa, MasterCard or American Express;

Mobile Phones:

With MBWAY APP, MB Phone or TeleMultibanco, which turns your mobile phone into an ATM terminal; or through the banks APPs that operate in Portugal;

Physical or virtual mPOS:

Most mPOS accepts our Multibanco references;

ifthenpay icon portatil

How to create Multibanco References

Ifthenpay allows any software or website to easily generate Multibanco references. They works with "check-digits" (control digits) and are calculated according to an algorithm;

The Multibanco references are immediately and automatically valid and the Multibanco terminal validates the "check digits" to avoid typos and mistakes;

In the Multibanco references you can include the customer number or order number to easily identify the customer or the order paid;

The generation of Multibanco references is made inside your website... there is no communication with ifthenpay or any other entity or webservice to generate or communicate the references issued (which guarantees 100% of operation!);

Ifthenpay offers a free APP that allows you to generate Multibanco references on demand and send them by email, SMS;


  • Ifthenpay multibanco

    0.22€ + 1.7%

  • Ifthenpay mbway

    0.07€ + 0.7%

  • Ifthenpay payshop



(+ VAT)

No activation fee, monthly fee or membership; ifthenpay icon certo
No initial investment in Hardware or Software; ifthenpay icon certo
Only the references actually paid are collected; ifthenpay icon certo
Free Real-time notifications; ifthenpay icon certo
Free daily transfers; ifthenpay icon certo
No minimum transactions, deadlines or exclusivity contracts; ifthenpay icon certo
Free plug-ins for most e-commerce platforms and billing software; ifthenpay icon certo
Free technical assistance; ifthenpay icon certo
Free APP for payments tracking. ifthenpay icon certo

We are market leaders and the first to make this service available in Portugal.
Our Multibanco entities are: 10559, 11202, 11473, 11604, 11686, 11687, 11802, 11873, 11925, 11988, 11989, 11990, 12133, 12177, 12178, 12179, 12262, 12263, 12288, 12333, 12351, 12352, 21721 e 21874.
Our entity PAYSHOP is: 10216.
ifthenpay icon modulos

Modules for online stores and examples
(including modules for most e-commerce, billing and programming languages),

14 Maio 2020

Ifthenpay: Simplificar pagamentos em tempos de distanciamento

«Inovação». Ao longo destes 15 anos, este tem sido o nosso desafio. O objetivo é darmos resposta às necessidades de cada empresa. A Ifthenpay trabalha em prol da automatização dos pagamentos digitais e com a pandemia, o volume de negócios aumentou. Graças a si! Que continua a confiar em nós.

Instalacoes Ifthenpay
Ifthenpay TSF
28 Junho 2019

PAYSHOP (CTT Group) and IFTHENPAY sign partnership for payments

PAYSHOP signed a partnership agreement with IFTHENPAY. From now on, the entities adhering to IFTHENPAY, have the Payshop references, as well as the Multibanco and MB Way references. The Payshop references allow cash payments in PAYSHOP network and Poste Offices... the bigger cash payments network in Portugal.
The agreement was signed at the headquarters of the CTT Group, with the CEO of PAYSHOP, the Executive Administrator of CTT Bank, and the Executive Administrator of CTT.

Ifthenpay Payshop
Ifthenpay CTT
25 Outubro 2018

IFTHENPAY at the Money Conference 2018

IFTHENPAY is pleased to announce that its CEO was a speaker at the Money Conference, organized by Dinheiro Vivo / TSF, Global Media Group, held on October 25 in Lisbon.
The theme was "The Future of Money: How Banking and Fintechs Get Ready for 2030."
In addition to the CEO of IFTHENPAY, the Minister of Economy, CGD CEO, Millennium BCP CEO, NovoBanco CEO, Bankinter Portugal manager, APB President, the person in charge of PayPal, and other responsible of Fintechs was present.

Money Conference
Ifthenpay Money Conference
17 Maio 2018

MBWAY Integration

IFTHENPAY is pleased to announce the MBWAY integration into our payments gateway.
The launch of the new service was done at WordCamp Porto 2018, at the Engineering University, member of University of Porto, on May 18.
With this payment method, your customers will be able to pay you by MBWAY smartphone APP, both for remote payments and for face-to-face payments.
Our APP turns your smartphone into a virtual mPOS to receive by MBWAY, with no upfront cost or monthly fees.
Advertise now in your shop "WE ACCEPT MBWAY"!

05 Abril 2018

€ 1,000 millions of payments

IFTHENPAY reached €1,000,000,000 in volume of accumulated payments on 5 April 2018.
We were the first of the new FINTECH in Portugal to reach this value.
We thank all our customers, employees and partners for this stage.
These billion are not ours ... they are from more than 10,000 adherent companies that use our payment service every day. It is a result of its growth, the quality of its products and services, its technological development effort and the confidence of its customers.
It's one billion satisfied customers, one billion paid invoices, one billion fulfilled responsibilities, one billion paid products, one billion online sales, one billion trips made... one billion dreams come true!
As we have not forgotten our origins, and as a way to mark this stage, we offer a donation of € 1,000 to our first customer, the Firefighters Volunteers Santa Maria da Feira, who had the 1st payment on 10/17/2005 at 13:05H, in value of € 24.

But, these are only the first billion. What we want is to continue to grow with you, and that soon, together, we can multiply this value!



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+351 227 660 871 |

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Rua São José, 757
Santa Maria de Lamas
4535-404 Santa Maria da Feira
Portugal - União Europeia

40° 58' 26.9882'' N | 8° 34' 21.0058'' W

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Payment Institution Authorized and Supervised by Portugal Central Bank (registration number 8707) | VAT Number PT 510450024 | Share capital: 300.000,00€

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