PagoNxt's Getnet launch strengthens merchant payment push in Europe

Monday 26 July 2021 11:41 CET | News

Banco Santander’s payment fintech, PagoNxt, has announced that its merchant payments business is launching in Europe under the Getnet brand.

According to the press release, thanks to the initiative foreign and domestic merchants of all sizes in 30 countries, whether or not they are customers of Banco Santander, can now use Getnet’s wide range of secure, reliable, and straightforward payment solutions for easier and quicker sales. 

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 ecommerce retailers that will gradually expand to include over-the-counter and other types of payments. 

Over the coming months, its own sales teams and Banco Santander’s network will distribute its products and services, which will cover the needs of all merchant segments in Europe. Getnet Europe has operational headquarters and technology hubs in Munich, Madrid, Dubai, and Chennai, India. 

Additionally, Santander Brazil has approved the spin-off of Getnet Brazil. Subject to the necessary regulatory approvals, the incorporation of Getnet Brazil into PagoNxt is expected before the end of 2021.

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Keywords: product launch, merchants, online payments, ecommerce
Categories: Payments & Commerce | Online Payments
Countries: Europe
This article is part of category

Payments & Commerce