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Madrid, 31 May 2022.
Today, PagoNxt announces the appointment of Kush Saxena as CEO of PagoNxt Merchant Solutions, a newly created role. PagoNxt Merchant Solutions operates the merchant acquiring franchise under the Getnet brand.
Mr Saxena joins PagoNxt from Mastercard, where he held the position of executive vice president (EVP) of U.S. Merchants and Acceptance. In this role, Kush managed U.S. merchants and acquirers, pricing, and interchange, in addition to coordinating international merchant activities and serving on the company’s management committee. Kush joined Mastercard in 2014 as EVP of Strategy, Corporate Development and M&A.
PagoNxt was created in 2020 and brings together all of Santander’s most innovative payments businesses. Kush’s appointment follows recent changes in management (e.g., the appointment of Dean Nash from Wise as general counsel) and comes off the back of a successful first quarter for PagoNxt, which saw revenue increase by 122% to €162 million.
I am delighted to announce Kush’s appointment as CEO of PagoNxt Merchant Solutions, our stronghold business. With unrivalled expertise and experience in the payments space, he brings a fresh perspective that will help us realize our ambitious business objectives and build upon the success that Getnet has achieved thus far. Kush recognizes the value of thinking outside of the box to offer our merchants new products and services that they won’t find elsewhere.
Kush will be joining PagoNxt in mid-June. Ignacio Narvarte, currently general manager, will take the role of deputy CEO of PagoNxt Merchant Solutions, working alongside Kush to oversee the business across the Getnet franchise and the relationship with Santander banking teams.
Kush received a Bachelor of Science degree in Information Technology from Gujarat University (India) and a Master of Science degree in Management Science and Engineering from Stanford University.