Israeli Fintech Nayax Signs Strategic Partnership with Santander's Getnet
Israeli fintech company Nayax partnered with Santander's Getnet to expand integrated payment solutions across Europe and Latin America, starting in Chile.
The Israeli fintech company Nayax, a global commerce and payments platform designed to help businesses expand, has reached a new business milestone. The company announced on Tuesday that it has signed a strategic partnership with Getnet, the global payments platform of the Santander Group and a leading provider of payment solutions in Latin America and the Iberian Peninsula, to expand integrated payment solutions in key markets across Europe and Latin America.
Global Partnership and Regional Expansion
Getnet is ranked as the largest acquirer in Latin America by transaction volume and is among the top ten acquiring companies globally. Management stated that the new agreement will enable operators of automated food and beverage vending machines, electric vehicle charging stations, self-service kiosks, and other unattended retail businesses to accept cashless payments using Nayax payment terminals operating on Getnet's acquiring network.
The rollout will begin in Chile in the coming weeks and will gradually expand to Spain, Portugal, Brazil, Mexico, and Argentina. The combination of Nayax's global payment technology with Getnet's acquiring infrastructure and local capabilities will allow operators to accept payments uniformly, securely, and conveniently across multiple markets.
"The partnership with Getnet is a significant milestone for Nayax. It opens up new markets for us in Latin America while strengthening our offerings in countries where we already operate," said Oren Tepper, Chief Revenue Officer at Nayax.
Market Performance and Stock Dynamics
Fabrice Mendez, Head of Global Partnerships at Getnet, added that the agreement represents another step in their strategy to become the preferred payments partner for technology companies, software providers, and commerce platforms worldwide.
Alongside these strategic moves, Nayax's stock rose by 4.43% over the past week. However, over the past month, the stock dropped by 11.46%, and a decline of 27.81% was recorded over the last three months.
