Redsys

What Redsys does

Redsys Servicios de Procesamiento, S.L. is the operator of Spain's national payment processing backbone, founded in 1984 and headquartered in Madrid. The company provides a unified payment platform spanning the full transaction lifecycle: acquiring (POS terminals, mPOS, e-commerce gateway, vending, large-establishment H2H), interbank back-office services (routing, clearing and settlement, tokenization, fraud management, chargebacks, HUB OpenFinance), and issuing services (Advantis EMV chip, Wallet HCE, xPays, instant card issuance). Redsys serves Spanish Financial Entities\u2014banks and payment institutions\u2014which in turn distribute its services to 1.6 million connected merchants; the company also licenses its Advantis and PRICENET platforms to international partners across Europe, Latin America, and Africa.

The group is organized around three specialized operating divisions in addition to the core entity: Redsys GSR (POS terminal management, BPO services, omnichannel contact center), Redsys Latinoam\u00e9rica (POS network management in Peru and Colombia via dedicated regional subsidiaries), and Redsys Salud (digital healthcare solutions including e-prescription, electronic invoicing, and teleconsultation). Revenue is generated through transaction processing fees across 21.55 billion annual transactions, terminal hardware provisioning and managed services, international software licensing royalties, and vertical-specific healthcare technology services. Certifications span ISO 27001, ISO 27701, ISO 22301, ISO 20000-1, ISO 31000, and PCI DSS, positioning the company as a regulated critical infrastructure provider. The company is privately held as a Sociedad Limitada, employs 251\u2013500 people, and is led by founder, president, and CEO Jesus Verde.

Name

Redsys

Legal name

Redsys Servicios de Procesamiento, S.L.

Website

https://redsys.es

Company type

Private

Founded year

1984

Operating status

Operating

Headcount range

251–500 employees

Short description

Redsys is Spain's national payment processor, providing acquiring, interbank, and issuing infrastructure to banks and payment institutions, which serve 1.6 million connected merchants and process 21.55 billion transactions annually.

Ownership category

akta.pro rank

Product category

Payment Processing Infrastructure

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

Services-Computer Processing & Data Preparation (7374)

akta.pro primary industry

Processor Back-End & Switch Providers (Issuer/Acquirer Processing Infrastructure) (FSAMABAJ)

akta.pro secondary industries

Wire/RTP Reconciliation, Settlement & Nostro/Vostro Support (FSAMAHAH), Payments Operations (ACH/Wire/RTGS, SWIFT, SEPA, Checks) (FSABALAB)

Keywords

• Payment processing services
• Card payment infrastructure
• POS terminal management
• EMV chip issuance
• Interbank clearing settlement

Headquarters

HQ city

Madrid

HQ country

Spain

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Payment Processing and Transaction Fees: Redsys generates revenue through processing payment transactions on behalf of financial entities and merchants. As a payment processor, the company charges transaction-based fees for each payment processed across its network of acquiring and issuing channels. The company reports processing over 21.55 billion transactions annually, indicating a high-volume, transaction-fee revenue model.
2. Terminal Provisioning and Maintenance Services: Revenue from providing, installing, and maintaining POS terminals for financial entities and merchants, including the Redsys GSR division's terminal management and BPO services.
3. Software Licensing (Advantis and PRICENET): Licensing revenue from proprietary software platforms including the Advantis EMV chip issuance technology and PRICENET processing software licensed to partners in international markets such as Peru and Venezuela.
4. Healthcare Technology Services (Redsys Salud): Digital health technology services including electronic invoicing, online appointments, e-prescription, and video-consultation for healthcare actors including insurance companies, hospitals, clinics, and doctors.

Go-to-market motion2 records

Distribution channels5 records

Marketing channels6 records

Core offering

Redsys provides payment processing infrastructure for financial entities (banks and payment institutions) in Spain and international markets, spanning merchant acquiring, POS terminal provisioning, interbank routing/clearing/settlement, fraud management, tokenization, and card issuance. The company also licenses its proprietary Advantis EMV chip and PRICENET processing software internationally and operates specialized divisions for POS network operations (Redsys GSR), Latin American terminal management, and digital healthcare solutions (Redsys Salud).

Product overview

Redsys is a national leader and international benchmark in payment services with over 40 years of experience, providing a comprehensive payment ecosystem through its unified platform. The portfolio consists of three main service pillars: (1) Acquiring Services including POS terminals (TPV, Android, mPOS, vending), e-commerce gateway, and large establishment H2H solutions, complemented by value-added services like DCC, Tax Free, Pay by Link, and financing; (2) Interbank/Backoffice Services encompassing routing, clearing and settlement, tokenization, fraud management, customer service, chargebacks, and the HUB OpenFinance platform; and (3) Issuing Services for card authorization, authentication, and payment instrument provisioning including the proprietary Advantis EMV chip, Wallet HCE, xPays, and instant card issuance. The company operates specialized divisions including Redsys GSR (POS management and BPO services), Redsys Latinoamérica (terminal network management in South America), and Redsys Salud (digital healthcare payment solutions). The portfolio also includes the PRICENET processing software licensed internationally in markets like Venezuela and Peru.

Differentiator

Problem solved

Functional benefit

Brands

• Advantis: EMV chip technology for card issuance and payment processing
• PRICENET
• GSR
• xPays

Products and services

• Servicios de Adquirencia (Acquiring Services) Comprehensive acquiring service enabling merchants and financial entities to accept card and digital payments across physical POS, mPOS, vending, large-establishment H2H, and online channels, paired with terminal provisioning, ATM services and a certification laboratory.
• Servicios Interbancarios (Interbank / Backoffice Services)
• Servicios de Emisión (Issuing Services) Card issuance and authorization platform for financial institutions, providing secure EMV chip issuance, mobile wallets (HCE), tokenized digital payment instruments (xPays) and instant issuance of virtual and physical cards.
• e-Commerce Payment Gateway Online payment processing solution that enables merchants to accept card payments through websites and digital channels with real-time authorization and developer APIs.
• Redsys GSR Specialized division providing POS Management Laboratory services, terminal installation and maintenance, BPO solutions based on payment operations experience, and an omnichannel Advanced Contact Center (CAV) for financial institutions, merchants and cardholders.
• Redsys Latinoamérica Regional division providing POS terminal network management services in Latin America, covering device provisioning, installation, maintenance, and merchant support platforms in markets such as Peru and Colombia.
• Redsys Salud Digital healthcare solutions for health insurance companies, hospitals, clinics and physicians, including electronic invoicing, online appointment scheduling, mobile insured identification, e-prescription and video consultation services.
• Advantis EMV Chip Platform Proprietary EMV chip technology for secure card transaction processing, licensed internationally to issuing partners.
• PRICENET Processing Software Licensed payment processing software used by international partners in Venezuela, Peru and other markets to run card transaction processing.
• HUB OpenFinance Open finance connectivity hub enabling interoperability and data exchange between financial institutions and payment service providers.

Quantifiable outcome

• Spain achieves one of the lowest fraud rates in the world through Redsys's predominantly online authorization system
• +3 more outcomes

Named customers6 records

Segments5 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Scale indicators11 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Stripe: Stripe is a global payment processor providing online acquiring, developer APIs, and platform-based payment services. It competes with Redsys for Spanish e-commerce and digital merchant volumes, especially among internet-first businesses seeking modern API integrations.
• Adyen: Adyen is a global, single-platform payment processor offering acquiring, processing, and issuing services to large merchants and platforms. While not Spain-specific, it directly competes with Redsys for cross-border e-commerce and large-establishment (H2H) volumes that Redsys otherwise processes for Spanish merchants and banks.
• Worldline: Worldline is a European leader in payment processing and merchant acquiring, operating a comparable end-to-end stack (acquiring, issuing, terminal management, processing software). Like Redsys, it serves banks and merchants across multiple European countries and is a direct functional analogue, only at much larger geographic scale.
• SERVIRED / Sistema de Tarjetas y Medios de Pago: SERVIRED is the Spanish interbank card payment network connecting ATMs and POS terminals across Spanish banks, historically working alongside Redsys as part of the same national payment ecosystem. While functionally distinct (network vs. processor), it is a comparable national-level payment infrastructure actor operating in the same Spanish market.
• Nexi: Nexi is an Italian-based pan-European payment processor and merchant acquirer serving banks and merchants with card acquiring, issuing, and digital payment services. It competes with Redsys in the same product categories (acquiring, processing infrastructure, POS) and in overlapping European markets.

Broad incumbents

• Fiserv: Fiserv is a large global financial technology and merchant acquiring incumbent with broad product breadth across processing, issuing, and POS. It operates at a much larger scale than Redsys and offers overlapping capabilities (acquiring, issuing platforms, terminal management) as part of a wider portfolio rather than as a Spain-specialized solution.
• Global Payments: Global Payments is a multinational payments technology provider offering merchant acquiring, processing, and issuer solutions across many geographies. Like Fiserv, it competes with Redsys in cross-border processing and large-merchant acquiring, but as a global incumbent rather than a Spain-focused specialist.
• Verifone (now part of Brookfield-owned entity): Verifone is a global provider of POS terminals and merchant payment hardware/software, directly competing with Redsys's POS provisioning, terminal management (GSR), and SmartPOS offerings. It is a broad incumbent rather than a Spain-focused player, but addresses the same merchant hardware and acceptance market.

Emerging players

• Bizum: Bizum is the Spanish instant mobile payment scheme backed by virtually all Spanish banks, enabling P2P and B2C account-based payments. It overlaps with Redsys's growing account-based and instant-payment processing volumes and represents a competitive alternative for low-value real-time payments that historically flowed through Redsys's acquiring rails.

Others

• Visa / Mastercard processing infrastructure (Cybersource, Mastercard Gateway): Visa and Mastercard operate scheme-side processing, gateway, and value-added services (e.g., Cybersource, Mastercard Gateway, Visa Direct) that compete with Redsys's e-commerce gateway, tokenization, and cross-border processing capabilities. They are ecosystem participants and indirect competitors rather than direct like-for-like processors.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat7 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/Redsys_es
• YouTubeyoutube.com/channel/UC9UdABHoobVqk6MIzHsHTlg
• LinkedInlinkedin.com/company/redsys-espa-a

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries5 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Redsys