Company Market Research Report: Getnet
Company Overview
- Name: Getnet
- Mission: To provide global payment solutions that evolve commerce through tailored, innovative, and secure payment systems for businesses of all sizes.
- Founded: Getnet is part of PagoNxt, which was created in 2020.
- Founder: No specific founder is mentioned for Getnet or PagoNxt.
- Key People:
- Kush Saxena - CEO of PagoNxt Merchant Solutions
- Javier San Félix - CEO of PagoNxt
- Ignacio Narvarte - Deputy CEO of PagoNxt Merchant Solutions
- Lucrecia Felgueras - HR Business Partner at Getnet Europe
- Headquarters: Madrid, Spain
- Number of Employees: Approx. 2,300 employees globally
- Revenue: PagoNxt saw a revenue increase of 122% to €162 million in a recent quarter.
- Known For: Getnet is recognized for providing multi-channel, multi-country, and multi-method payment services, with an emphasis on innovative solutions and high-standard fraud prevention.
Products
Digital Payment Solutions
- Get Link & Pay and Get Checkout Solutions: Tools for online transactions that ensure simplicity and focus on customer experience.
In-Person Payment Solutions
- Get Mini and Get Smart: Intuitive POS systems, including Tap on Phone solutions that transform smartphones into POS systems.
Value Added Services
- Dynamic Working Capital, Sales Advanced, Buy Now Pay Later: Financial tools that offer merchants flexibility in cash flows.
Risk and Fraud Management
- Fraud Detection Tools: Real-time analysis to detect fraudulent activities and protect genuine transactions.
Global Solutions
- Omnichannel Payments: Integration of physical and digital payment platforms for seamless commerce.
- Multi-Currency and Cards & APMs: Enable customers to pay in their preferred currency and with their desired method.
Data & Insight Tools
- Getnet Portal: Comprehensive dashboard for transaction management and insights.
Recent Developments
Corporate Developments
- Appointment of Kush Saxena: In May 2022, Kush Saxena was appointed as the new CEO of PagoNxt Merchant Solutions. His expertise from Mastercard expands Getnet’s reach in global payments.
- Acquisition of MIT: In October 2021, PagoNxt acquired 70% of MIT to bolster Getnet's operations in Mexico and Latin America, emphasizing its strong market position and innovative payment solutions.
Environmental Initiatives
- Carbon Emission Reduction: Through several initiatives, Getnet has offset significant carbon emissions, aligning with the GHG Protocol Program in Brazil.
Product Launches
- Get Tap on Phone in Spain (July 2023): A solution allowing Android smartphones to become mobile POS systems.
- Launch of “Getnet Restaurantes” in Mexico (April 2023): In partnership with Pacto, this platform enhances dining experiences with efficient payment processes.
- Public Transport Innovation in Mexico City (December 2023): Implemented contactless technology for Metrobus lines.
Partnerships
- Telefónica Collaboration: Recognized as an ideal partner for delivering exemplary payment experiences to Telefónica customers.
- Santander Partnership: As part of PagoNxt and supported by Santander, Getnet expands its reliable and innovative payment solutions globally.
For more detailed insights and product offerings, please contact Getnet sales and support teams or explore their comprehensive global solutions designed to transform your business.
