PagoNxt

What PagoNxt does

PagoNxt is the autonomous payments technology division of Grupo Santander, headquartered in Boadilla del Monte (Madrid), Spain, and established at the end of 2020 to consolidate all of the bank's payments businesses under a single platform. It operates three principal product lines: Getnet, a leading acquirer in Iberia and Latin America serving physical and electronic merchants with card-accepting services; Getnet Platforms, a cloud-native processing layer that connects A2A and card transactions across markets; and Ebury, a cross-border payments solution aimed at SMEs. Underpinning these is the Payments Hub, a SaaS-based infrastructure that already processes more than 14 million transactions daily and carries a stated target to scale to 40 million.

The business model is transaction-fee based across all three lines: Getnet earns merchant acquiring and processing fees, Getnet Platforms charges processing fees to both internal Santander entities and external customers, and Ebury generates revenue from international transfers and FX. Distribution is delivered through Grupo Santander's branch network across 11 countries (Spain, Portugal, Germany, the UK, Brazil, Argentina, Chile, Peru, Uruguay, the US, and Mexico), supplemented by direct merchant acquisition and, since November 2025, a 7-year renewable distribution agreement with Santander Chile. Engineering and technical talent account for 60% of the 1,001–5,000 headcount, reflecting the platform build-out.

In Q1 2026 the division reported €383 million in total income with a 33.4% EBITDA margin (above internal targets) and an 83.6% payments efficiency ratio, and through the first nine months of 2025 contributed materially to Santander's €10.3 billion attributable profit. From January 2026 the unit is being reported as 'Payment Solutions' following a restructuring that moved the cards business into Retail, while PagoNxt continues to serve both captive Santander volume and an emerging open-market customer base.

Name

PagoNxt

Legal name

Banco Santander S.A.

Website

https://pagonxt.com

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

501–1,000 employees

Short description

PagoNxt is Grupo Santander's autonomous payments technology division, offering merchant acquiring through Getnet, cloud-native processing via Getnet Platforms, and SME cross-border payments via Ebury across Europe, South America, and North America.

Ownership category

akta.pro rank

Product category

Payment Processing Services

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

Finance Services (6199)

akta.pro primary industry

Marketplace / Platform Acquiring (PayFac & Sub-Merchant Management) (FSAMABAF)

akta.pro secondary industries

Cross-Border & FX Payments Platforms (BPAMAFAK), Card-Not-Present / eCommerce Acquirers (FSAMABAD)

Keywords

• Merchant acquiring services
• Payment processing platform
• International payments
• Card acceptance solutions
• A2A payments

Headquarters

HQ city

Madrid

HQ country

Spain

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Infrastructure, Marketing or Sales

Revenue model

1. Payment Processing and Acquiring (Getnet): Getnet operates as an acquiring platform for merchants in Iberia and Latin America, processing card transactions for physical and electronic commerce. Revenue is generated through transaction fees and payment processing services.
2. International Payments (Ebury): Ebury provides international payment solutions for SMEs, enabling cross-border transactions. Revenue derived from transaction fees on international transfers and currency exchange services.
3. Platform Services (Getnet Platforms): Cloud-native platform providing payment processing and connectivity services for A2A and card transactions. Revenue from processing fees and platform services to internal Grupo Santander markets and external customers.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

PagoNxt is a global payments technology company and fintech division of Banco Santander that operates as a unified payments platform. It offers merchant acquiring through Getnet (Iberia and Latin America), cloud-native payment processing via Getnet Platforms (A2A and card transactions), and international payment solutions for SMEs through Ebury. The company's SaaS-based Payments Hub infrastructure processes over 14 million transactions daily with goals to scale to 40 million.

Product overview

PagoNxt (also referred to as Payment Solutions) is a global payments technology company and fintech division of Banco Santander. It operates as a unified payments platform that brings together all of Santander's payment solutions under one umbrella, built on the established Getnet franchise. The company offers a portfolio of three main products: Getnet (a leading acquirer in Iberia and Latin America for card transactions and merchant services), Getnet Platforms (a cloud-native global platform processing A2A payments and card transactions), and Ebury (a solution for international SME payments). PagoNxt's SaaS-based Payments Hub infrastructure processes over 14 million transactions daily. The company operates across three main regions (Europe, South America, and North America) with 60% of its workforce being technologists, and aims to achieve global leadership in payments through customer-centric, innovative solutions.

Differentiator

Problem solved

Functional benefit

Brands

• Getnet: Leading acquirer in Iberia and Latin America combining Grupo Santander's distribution strength with first-class acquiring capabilities and value-added solutions for physical and electronic merchants.
• Getnet Platforms
• Ebury

Products and services

• Getnet Leading acquirer in Iberia and Latin America that combines Grupo Santander's distribution strength with first-tier acquiring capabilities and value-added solutions for physical and electronic merchants. Provides card accepting services, payment processing, point-of-sale solutions, and e-commerce payment gateway services for merchants.
• Getnet Platforms Cloud-native global platform for processing and connecting A2A (account-to-account) payments and card transactions across all markets. Enables innovative payment solutions for clients and improves operational efficiency through scalable processing infrastructure, offered to both internal Santander markets and external customers.
• Ebury Leading international payments solution for SMEs, enabling cross-border transactions, multi-currency transactions, and global payment services for small and medium enterprises engaged in international trade.
• Payments Hub SaaS-based infrastructure developed by PagoNxt to streamline and scale global payments operations. Processes over 14 million transactions daily with a goal to increase to 40 million as it expands to additional markets, used by Grupo Santander for its global payments infrastructure.

Quantifiable outcome

• Payments efficiency ratio of 83.6%
• +6 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Three partnerships are on record, tiered core.

• Santander ChilecoreStrategic or Co-development Partner · 19 November 2025Santander Chile proposed a strategic alliance with PagoNxt to strengthen its leadership in the local payments market. The deal involves Santander Chile maintaining control with a slight ownership increase, and the incorporation of PagoNxt's subsidiary into Getnet Chile, with a cash payment of Ch$41.6 billion and a renewable 7-year distribution agreement.
• MIT (Technology Partner)coreTechnology or Integration · 14 September 2021PagoNxt acquired a 70% stake in MIT, its technology partner, to enhance the expansion of Getnet in Mexico and Latin America. The acquisition aims to make Getnet the leading payment platform in Mexico and to leverage MIT's technology to expand capabilities into other markets.
• Grupo Santander (Internal Usage)coreTechnology or IntegrationPayments Hub, developed by PagoNxt, is used by Grupo Santander to streamline and scale its global payments operations, processing over 14 million transactions daily with a goal to increase to 40 million as it expands to additional markets.

Scale indicators9 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Worldline: European-headquartered payment processor and acquirer serving merchants with card acceptance and integrated commerce solutions. Comparable to PagoNxt given overlapping Iberian and broader European acquiring footprint and merchant services focus.
• EBANX: LatAm-focused cross-border payments platform serving global merchants wanting to sell into Brazil, Mexico, and other regional markets. Comparable to PagoNxt's Getnet and Ebury for LatAm merchant acquiring and FX.
• dLocal: Cross-border payment processor focused on emerging markets, particularly Latin America. Direct competitor to PagoNxt for merchants seeking to accept payments across LatAm countries via a single integration.
• Nexi: Italian-listed European payment processor and acquirer with strong merchant services and technology platform offerings. Comparable to PagoNxt's Getnet across acquiring and payment processing for merchants in European markets.
• Adyen: Global payments platform offering unified acquiring, processing, and cross-border capabilities to merchants and platforms. Direct competitor to PagoNxt's Getnet Platforms and Getnet acquiring business, especially as Adyen expands in Latin America and Europe.
• Stripe: Global payments infrastructure provider for internet businesses, offering acquiring, processing, and a developer platform. Competes with Getnet Platforms and Ebury on cross-border and online merchant acquiring.
• Wise: Cross-border payments platform serving SMEs and consumers with multi-currency accounts and FX. Direct competitor to Ebury for international SME payments and FX services.

Broad incumbents

• Fiserv: Large US-headquartered payments and financial technology provider with merchant acquiring, processing, and integrated commerce solutions. Operates broadly across the same payments value chain as PagoNxt but as a much larger, diversified incumbent.
• Global Payments: Major US-listed payment processor and acquirer with global merchant services and integrated commerce capabilities. Comparable to PagoNxt at the acquiring and processing layer but operating at significantly greater scale across many geographies.

Regional players

• PagSeguro / PagBank: Brazilian payments company offering acquiring, point-of-sale, and merchant credit solutions primarily in Brazil. Direct competitor to Getnet within PagoNxt's core LatAm acquiring market.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/bancosantander
• YouTubeyoutube.com/user/SantanderGroup
• Facebookfacebook.com/santanderglobal
• LinkedInlinkedin.com/company/banco-santander
• Instagraminstagram.com/santander.global

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about PagoNxt