PagoNxt Payments, a company within the Santander Group, has achieved a major milestone with its innovative product, Payments Hub.
Transforming Global Payments
In the context of a global disruption of the payments landscape, where financial transactions are required to be faster, more cost-efficient, and secure than ever before, PagoNxt Payments Hub turns that vision into reality. Designed to meet the evolving needs of Financial Institutions (FIs), Non-Banking Financial Institutions (NBFIs), and global corporations, the platform is poised to be the transformation vehicle both within the Santander Group and for the open market.
José Luis Calderón, CEO of PagoNxt Payments, comments: “Reaching over 1 billion transactions annually reflects our team’s dedication and expertise within the Santander Group. Our innovative spirit is driving significant advancements in the payments industry. We are not just keeping pace with the future of payments; we are helping to shape it.”
Processing over 1 billion A2A transactions annually is a remarkable accomplishment for PagoNxt Payments, resulting from relentless innovation and dedication. However, this milestone just sets the first stage in an ambitious journey to become the reference payments processing solution in Europe and LatAm. PagoNxt Payments is projected to reach an impressive 2 billion transactions by year-end, showcasing its rapid adoption and delivering true value to its customers.
Global Reach and Integration
Payments Hub’s success spans across Europe and the Americas, connecting to various local, regional and international payment schemes such as SEPA in Europe, Faster Payments in the UK, or both TEF and SPEI in Mexico. The platform offers the flexibility and scalability to integrate all these schemes under common, standardized flows, resulting in a unified and efficient solution that optimizes operation and reduces the average cost per transaction.
Juan Olaizola, CEO of Payments Hub, adds: “Our goal with Payments Hub was to create a platform that not only meets but exceeds the needs of our clients. By integrating multiple payment schemes and leveraging the latest technology, we have built a solution that is both robust and scalable. We believe that every transaction should be seamless, secure, and instant, and we are dedicated to making that a reality.”
As the financial world continues to change at a fast pace, regulatory requirements also evolve, and so do consumers’ expectations: real-time, hassle-free, and more transparent payments are the new norm. Traditional systems struggle to keep up, especially with electronic payment volumes growing over 20% annually, and with account-to-account instant payments taking off worldwide. Payments Hub rises to the challenge through the unique combination of cutting-edge technology, extensive expertise in the sector, and an obsession with security and resilience.
The 3 PagoNxt Benefits
PagoNxt Payments’ cloud-native technology provides a flexible SaaS model to customers aiming to modernize their current infrastructures. Relying on industry standards — e.g., ISO20022 — and embracing them deeply in its core, the platform provides straightforward, future-proof integration interfaces and toolkits that simplify the connection to various payment schemes and markets, resulting in easier onboarding processes and a wider customer reach.
Amongst others, PagoNxt Payments Hub platform provides the following benefits:
1. Universal payments processor: Supporting multiple initiation methods (individual, bulk), multiple payment types (instant payments, credit transfers, direct debits, or international), and covering full orchestration of payment flows, PagoNxt Payments covers a broad range of customer needs and use cases right off the shelf.
2. Always on, always compliant: Enforcing security through bank-grade measures and advanced data protection techniques, the platform includes anti-money laundering components, and complies with global regulatory standards as they are released.
3. Modular approach that adds value: Along with the core orchestration engine in the cloud, the platform offers integration and management tools, web interfaces for payments operations, data analytics interfaces, and notification mechanisms. Furthermore, the standard set of capabilities can be extended through optional modules.
Just Payments. Made Easy.
As Payments Hub continues its journey to innovate and expand its footprint, the platform is set to redefine the A2A payments landscape. Its advanced set of features and global reach are true catalysts to modernize today’s payment infrastructures, and set new standards for efficiency, resiliency, and security.
Are you a Financial Institution, Non-Banking Financial Institution, or global corporation looking to revolutionize your payment processing? Discover how PagoNxt Payments can help you achieve fast, secure, and reliable transactions. Reach out to us today to learn more about our innovative solutions and how we can accelerate your business growth.
Join us in transforming the future of payments. Just payments. Made easy.
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PagoNxt Payments, a company within the Santander Group, has achieved a major milestone with its innovative product, Payments Hub.
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: a substantial payment—well over $100,000—has been processed multiple times. In a matter of seconds, the atmosphere shifts as the team faces a complex situation with financial and reputational implications.
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