OUR HISTORY

The company was incorporated in 2007 under the name Magnimeios, Lda, With the purpose of making available, to Portuguese companies, ​​payments by Multibanco and PayShop references. To that end, we purchased entity 11024 for collections for multibanco references and another entity for Payshop references.

It quickly became one of the largest companies in Portugal operating in this area of ​​business.

In 2009, Portuguese legislation was amended in line with the transposition of a Community directive aimed at regulating this activity and harmonizing it at European level. It was then necessary to initiate a process request for authorization at the Bank of Portugal, which included the change of the company's corporate name to Magnimeios Instituição de Pagamento, Lda.

On March 1, 2011, authorization was given for the exercise of the activity and on July 12, 2011 the definitive authorization to start the activity as Payment Institution. In December 2013, Magnimeios was authorized to expand its corporate purpose in order to be able to make payment accounts available. In June 2014, Magnimeios increased its share capital to € 125,000.00 and in August of the same year it changed its corporate name to LUSOPAY Instituição de Pagamento Lda.

In November 2014, LUSOPAY launched a new payment service for mobile phones and Internet, marking an important step in the history of LUSOPAY and Portugal.

In December 2015, LUSOPAY applied for registration in all central banks of the European Union, which were awarded in December 2015 and January 2016.

In 2017, LUSOPAY "bet" on the collaborative financing platforms, being the first Portuguese company to create a specific product for collaborative financing platforms.

In 2019, LUSOPAY created a new payment system called LUSOPAY references.

LUSOPAY transacts millions of Euros, maintaining a vast array of satisfied customers , calm and secure about their payments.