Santander opens Getnet's European platform to multinational merchants in more than 30 countries

Santander's merchant payments arm Getnet made its European platform, Getnet Single Entry Point (SEP), available to multinational merchants, marketplaces and e-commerce companies, which can now reach payment services in more than 30 European countries through a single integration. Alongside acceptance, SEP handles collection, balance reconciliation, currency conversion and payouts, supporting 20 currencies and payouts to 140 countries at launch, and Getnet is a direct member of Bizum in Spain and MB WAY in Portugal. Rubén Justel is named CEO of Getnet Europe.

Getnet processed 238 billion euros across 10.5 billion transactions in 2025 for 1.2 million clients and is the largest acquirer in Latin America by volume, so this puts a bank-owned acquirer of that scale onto the single-integration, multi-market ground that Adyen, Stripe, Worldline and Nexi compete on. Direct scheme membership in Bizum and MB WAY is the part a cross-border competitor cannot copy quickly, and it sharpens the contest for pan-European e-commerce estates that until now routed through a handful of specialist acquirers.

Whether named merchant wins follow the platform announcement, and whether SEP stays an e-commerce collection and payout proposition or extends into in-store acquiring in the European markets where Santander holds no acquiring licence of its own.

• santander.com