PagoNxt Payments is part of PagoNxt, the payments platform the brings together Grupo Santander’s most innovative solutions. Among its services is Payments Hub, which simplifies account-to-account (A2A) payments without intermediaries.
October 15, 2024.
The magazine has awarded PagoNxt Payments thanks to its innovation in payment solutions and recognizes the company’s dedication to meet the needs of financial institutions worldwide.
The magazine highlighted PagoNxt Payments’ state-of-the-art technology platform designed to improve account-to-account (A2A) payment processing. Using the latest innovations, the platform develops solutions that optimize efficiency and security, while adapting to a changing regulatory environment.
As the volume of digital transactions continues to rise, the demand for innovative payment solutions grows. PagoNxt Payments addresses this need with Payments Hub, a cloud-native platform that connects diverse payment schemes across Europe and the Americas. This strategic approach enables financial institutions to streamline their payment processes, improving service delivery and significantly reducing operational costs.
PagoNxt Payments also offers additional solutions, including automated payment reconciliation (pay-ins), same-day or instant payments to strategic corridors (pay-outs), and foreign exchange (FX) in more than 140 currencies.
This year’s awards attracted 132 candidates from banks and technology providers across 18 categories. The competition covered a wide range of banking services, emphasizing the critical role of digital transformation and the integration of cutting-edge technologies, including generative artificial intelligence.
Payments Hub brings together the foundational capabilities required to deliver innovative services to our clients on a single platform. Our streamlined payments processing in the cloud facilitates the value-added services we are integrating into the platform, such as instant payments, real-time foreign exchange, AI to combat fraud and financial crime, and more. These enhancements elevate the payments experience for our bank's customers.
The award values PagoNxt Payments’ dedication to adopting innovative processes and emerging technologies that drive innovation for Grupo Santander. As the financial industry continues to evolve, PagoNxt Payments remains committed to providing fast and secure payment solutions tailored to banks, non-banking financial institutions and global corporations to help accelerate their growth.
PagoNxt, which houses Santander’s payments businesses, along Global Cards, the group’s cards business and platform, is part of Payments, one of Santander's five global businesses. The global Payments business is key to the Santander’s performance.
PagoNxt was created at the end of 2020 as a global payments platform to bring Grupo Santander’s most innovative payment assets under one roof with the aim of becoming the global leader in payments.
The Banker magazine has once again recognised Grupo Santander The publication owned by the Financial Times, last year named Santander as the Most Innovative Bank in the world and as best bank in Spain and Chile, among other distinctions.
