PagoNxt Payments automates €150M+ in Annual Cross Currency Invoice Payments for Gesban

Paying suppliers worldwide should be effortless. Yet for more than a decade, Gesban — Santander’s backbone for supplier invoice payments — faced a different reality: every cross-currency transaction meant approvals, manual checks, and reconciliations that took around 15 minutes per operation.

Sending money without routingcontrol is like rolling the dice with every transaction. Sometimes you win,sometimes you don’t. That is, until now.

Technology decisions made with anabundance of caution can seem sensible. But in reality always making the safechoice - the option you're already familiar with - can limit growth. What isknown and seems comforting today can quietly constrain future possibilities.

Understanding the next evolution in payments

PagoNxt Payments — the paytech business of Santander Group — has successfully connected its Payment Engine to Fedwire, the real-time gross settlement (RTGS) system operated by the U.S. Federal Reserve. This new rail enhances our global infrastructure and enables the real-time settlement of over $40

What makes Digital Payins particularly powerful is the flexibility and simplicity of payment links. Often, beauty lies in simplicity. From the customer’s perspective, the ease is almost unrivalled.

Organisations working with modern Swift Service Bureau providers vastly reduce theirinfrastructure costs. But the real value is the speed, flexibility, and accessto innovations that would otherwise take years to develop.

Managing payments for thousands of students —across multiple institutions, countries, and payer profiles… is no easy task. Just ask UAX Group, the prestigious educational group behind Universidad Alfonso X el Sabio, Claudio Galeno, Xtart, The Valley, and MirAsturias.

In the evolving landscape of European finance, offering seamless SEPA payment services—particularly SEPA Instant—is no longer just a competitive advantage; it is becoming a regulatory requirement.

What’s behind a 200% boost in cross-border sales? Uncover the FX solution powering Getnet’s expansion.

Navigating the complexities of payment reconciliation is no small feat, especially for institutions like universities tasked with managing countless student transactions.

Imagine this scenario: It’s a busy Thursday morning in the operations department of a large financial institution. The team is deep into their routine of processing payments when one team member notices an alarming issue.

Imagine a payment system that’s changing the way an entire nation moves money—instantly, effortlessly, and around the clock. That’s exactly what Pix, the revolutionary real-time payment platform launched by the Central Bank of Brazil, has done.

PagoNxt Payments has achieved a significant milestone by receiving a prestigious award from The Banker for its outstanding innovation in payment solutions. This recognition highlights our dedication to advancing the payments landscape and meeting the dynamic needs of financial institutions globally.

In today’s fast-paced financial environment, staying ahead of regulatory changes isn’t just important—it’s essential. As the Single Euro Payments Area (SEPA) introduces a series of new regulations, financial institutions across Europe must be prepared to adapt.

PagoNxt Payments, a company within the Santander Group, has achieved a major milestone with its innovative product, Payments Hub.

Santander e Iberpay inician las primeras transferencias internacionales instantáneas Banco Santander e Iberpay han procesado esta semana las primeras transferencias internacionales instantáneas, iniciadas y finalizadas en diferentes áreas monetarias, según han explicado en un comunicado conjunto.

We’re excited to announce that PagoNxt has joined The Payments Association in the UK, a step forward in our journey of expansion and collaboration. This move not only broadens our industry reach but also presents new opportunities for PagoNxt to contribute to the payments landscape.

As we gear up to launch our #weareWow campaign from March 4th to 8th, we’re excited to spotlight the incredible achievements of women in the tech industry. Let’s celebrate them while recognizing the power of diversity and unity to drive innovation forward:

#WeCareForPrivacy, but Let’s Embrace a Dash of Adventure! At PagoNxt, our dedication to privacy is paramount. However, in the playful spirit of Privacy Week, we challenged our experts to reveal the exact steps one might take to invite a touch of privacy invasion.

La gran apuesta de Banco Santander en el mundo de los pagos a nivel internacional, PagoNxt, ha conseguido cerrar en números negros el tercer trimestre de 2023 menos de tres años después de su lanzamiento al mercado.

Have you ever wanted to become a part of PagoNxt’s team? Below you can find out what we look for in our interviews.

Developer experience and business experience — two worlds that are seen as galaxies apart, yet in reality they shouldn’t just coexist but work in harmony. This blog post breaks down the importance of working together and how to get the best of both worlds.

“There’s no magic formula for great company culture. The key is just to treat your staff how you would like to be treated” — Richard Branson.

In the world of payment processing, the number 255 million represents not just a statistic, but evidence of our commitment to excellence. On September 18th and October 16th, we marked a significant milestone within Payments Hub one of our business units at PagoNxt.

Explore the game-changing potential of ChatGPT-4 as it revolutionizes the finance industry. Delve into its power for Customer Support, enhancing Security in Online Transactions, and its predictive capabilities.

Unseen borders and complex payment systems have posed a problem for businesses going global for decades. The solution? Application Programming Interfaces (APIs). This solution streamlines international transactions and helps businesses operate globally with ease.

Generative artificial intelligence tools like ChatGPT pose risks to privacy, individual rights, fraud, scams, and disinformation, but these tools can be used responsibly and securely. Find below the recommendations on best practices from PagoNxt’s Risks and Compliance teams.

In the past two years consumers have become increasingly careful about how they spend their money which has led to a rise in alternative payment methods.

During Pride Month companies have the time to reflect on their culture and values to ensure they honouring diversity and inclusion, which is key to any organisation.

Cross-border payments are growing fast, yet the speed of these payments is a cause for concern. To understand why, it's essential to delve into the process behind cross-border payments.

Accelerated by the pandemic and following lockdowns, digital commerce continues to boom in Latin America and so do alternative payment methods (APMs). An exciting time for consumers and merchants alike, as momentum grows across the region, we explore why APMs are increasing.

El consejero delegado, Héctor Grisi, adelantó que el negocio de tarjetas y TPV creció un 38,8% durante el primer trimestre, frente al 7% del negocio total del banco. La división es rentable si no se consideran las inversiones.

Are you curious about how money REALLY crosses borders?

Real time payments are key to ensuring customers have a smooth, frictionless and efficient shopping experience, which should be a top priority for merchants.

Over recent years, embedded finance has emerged as fintech’s most exciting new frontier. However, what actually is embedded finance and what are its current and future use cases?

Diversity and Inclusion (D&I) is an increasingly important aspect of any workplace. However, businesses should ensure that diversity is a part of core company values and not just seen as a corporate responsibility.

Digitalisation is happening at a rapid pace and it is helping companies to be more environmentally friendly, as sustainability moves to the centre of the digital payments ecosystem.

The move towards a cashless society.

Every time our smartphones scans our face or fingerprint before authorising a payment, that’s an example of a biometric payment.

Business is increasingly global for enterprises and SMEs alike, but why do cross-border payments take so long — and what can be done to accelerate the process?

Cybersecurity awareness month is about to end.

Today, we’re tackling a new and vital topic as part of our video explainer series: What is (your) digital identity?

Payments should be simple, and here are a variety of ways to make sure they are.

💰 Historically, cash was the predominant mode of payment ✔️ Soon after, checks became a practical option for large ticket purchases, allowing shoppers to carry less cash

Given that Sibos, the global financial services networking event organized by SWIFT, is starting on Monday… we thought that everyone could get a reminder of what SWIFT really is.

The success of the payments space is increasingly reliant on cloud-native solutions.

Los pagos en comercios, con Getnet como referencia, es la rama más valiosa con un precio en libros de 934 millones. La participación en Ebury, tasada en 394 millones, es otro activo clave.

Payments have evolved into the cornerstone of the financial relationship with customers because they are a daily activity and touchpoint with the financial system.

For successful participation in the global payments ecosystem, cloud-nativeness is key.

Cloud-native solutions will significantly improve the payments space, and I’m going to tell you why.

Cloud computing is key to successful participation in the global payments ecosystem.

Unveiling the 10 trends that are shaping the payments landscape in Latin America and Europe in 2022

Financial stability and customer satisfaction are always the goal

Rewriting the rules to put technology at the heart of customer-first financial services

Santander Corporate & Investment Banking maneja más de 200.000 pagos al mes y hace tiempo que Claudio Sancho y Cristina Catalan buscaban un partner que les ayudara a adaptarse a los desafíos del mercado.