Santander connects Latin America: Revolution in the e-commerce market

Santander's subsidiary Getnet has taken a decisive step in the Latin American e-commerce market with the launch of Getnet SEP. This new payment platform offers merchants in Brazil, Argentina, Chile, and Mexico a central hub for their online payment connections. The solution promises to significantly simplify the connection process of various payment services and reduce integration stress. Thanks to the scalability and flexibility of Getnet SEP, merchants can easily switch payment providers, enter new markets, and adopt modern payment technologies. The offering represents a major relief, especially for corporate clients and large companies in the region. Specialized in various sectors, including subscription-based entertainment and online marketplaces, Getnet SEP promises to optimize the handling of sales, refunds, fraud prevention, subscriptions, and tokenization. Kush Saxena, CEO of Getnet, is convinced that the launch of Getnet SEP will sustainably change e-commerce in Latin America. As the only banking institution in the region offering a unified integration, Getnet makes commerce simpler, faster, and more secure. Over 171 million transactions are already being processed monthly, underlining Getnet's significant role in the region. Meanwhile, the "Plataforma Digital" is available to customers in Brazil, and Argentine merchants also have access to Getnet SEP. The rollout for merchants in Chile and Mexico is already planned for the coming weeks. This expansion comes at a time when the Latin American e-commerce market is expected to grow to over 800 billion euros by 2026, according to Santander's predictions. As part of PagoNxt, a fintech initiative by Santander, Getnet provides merchants with comprehensive support throughout the entire integration process. Recently, Santander UK also announced a partnership with Token.io, a provider of account-to-account payment infrastructures.