The Santander commerce payment platform, the largest in Latin America, earns 130 million.
Getnet operates in Spain, Portugal, Brazil, Mexico, Argentina, Chile and Colombia. The liquidation of the German subsidiary has cost more than 50 million euros.
Santander's Getnet has become the top company in Latin America's payment processing sector by number of transactions, according to The Nilson Report. The fintech, acquired in 2014, operates in Spain, Portugal, Brazil, Mexico, Argentina, Chile, and Colombia, and has 1.2 million active clients worldwide. Getnet Payments, which manages the global technology platform, earned €134 million in 2023 and processed 10,500 million transactions worth €238,000 million. The closure of its German subsidiary last year cost around €53 million.
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