Banco Santander’s PagoNxt Announces the Roll Out of Getnet in Europe

Banco Santander, a leading retail and commercial bank, announced that its payment fintech unit PagoNxt is launching merchant payments business in Europe under the Getnet brand.

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Getnet is part of PagoNxt, a fintech that brings together all of Santander's most innovative and disruptive payments businesses. Getnet offers merchants access to multi-channel, multi-method, multi-country payments and has the third highest customer base and turnover among Latin American merchant payment firms.

Getnet, which has strong business in Spain and Portugal, will now expand to other countries. Getnet's services focus on a value proposition for large e-commerce retailers that will gradually expand to include over-the-counter and other types of payments.

The launch will allow foreign and domestic merchants of all sizes in some 30 countries, whether or not they are customers of Banco Santander, to use Getnet’s wide range of secure, reliable and straightforward payment solutions for easier and quicker sales.

“The global roll out of Getnet is ahead of plan and will allow us to offer the best possible services to our customers,”said Javier San Félix, chief operations officer at PagoNxt.”Our goal is to help customers across Europe and the Americas to grow their business by making payments easier and more secure, using the best technologies available.”