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Navigating the complexities of payment reconciliation is no small feat, especially for institutions like universities tasked with managing countless student transactions. Picture the challenges UNIR faced, juggling millions of payments value — approximately €210 million annually — each demanding meticulous scrutiny to correctly link payments made by or on behalf of its students referencing only with a student ID.
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.
Imagine a payment system that’s changing the way an entire nation moves money—instantly, effortlessly, and around the clock. That’s exactly what Pix, the revolutionary real-time payment platform launched by the Central Bank of Brazil, has done. Transforming the payments landscape across the country, Pix isn’t just rewriting the rules in Brazil; it’s setting the stage for the future of Account-to-Account (A2A) payments globally, together with other similar solutions. For financial institutions, NBFIs, and corporates, it marks the beginning of a new era, defined by unprecedented speed, efficiency, and cost reduction in both domestic and cross-border transactions. Read on to discover how Pix setting a new standard for Payments globally.
PagoNxt Payments has achieved a significant milestone by receiving a prestigious award from The Banker for its outstanding innovation in payment solutions. This recognition highlights our dedication to advancing the payments landscape and meeting the dynamic needs of financial institutions globally.
In today’s fast-paced financial environment, staying ahead of regulatory changes isn’t just important—it’s essential. As the Single Euro Payments Area (SEPA) introduces a series of new regulations, financial institutions across Europe must be prepared to adapt. These changes, aimed at increasing transparency,security, and efficiency in cross-border payments, will have far-reaching impacts on your operations. Here's what your institution needs to know to not just comply, but thrive under the new SEPA framework.
Have you ever wanted to become a part of PagoNxt’s team? Below you can find out what we look for in our interviews.
As we gear up to launch our #weareWow campaign from March 4th to 8th, we’re excited to spotlight the incredible achievements of women in the tech industry. Let’s celebrate them while recognizing the power of diversity and unity to drive innovation forward:
#WeCareForPrivacy, but Let’s Embrace a Dash of Adventure! At PagoNxt, our dedication to privacy is paramount. However, in the playful spirit of Privacy Week, we challenged our experts to reveal the exact steps one might take to invite a touch of privacy invasion. ⚠️ But, here is a friendly reminder: we don’t recommend you to follow these unless you aspire to become an oversharing maestro, ok?
We’re excited to announce that PagoNxt has joined The Payments Association in the UK, a step forward in our journey of expansion and collaboration. This move not only broadens our industry reach but also presents new opportunities for PagoNxt to contribute to the payments landscape.
PagoNxt Payments, a company within the Santander Group, has achieved a major milestone with its innovative product, Payments Hub.
Contact us to find out how PagoNxt Payments can transform your business
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