Getnet Posted $49.5M in Profit in 2025, Up 68% Year Over Year
Hey Payments Fanatic!
A notable update coming out of Chile 🇨🇱
Getnet, the acquiring arm of Banco Santander, reported $49.5 million in profit for 2025, a 68% increase year over year.
That performance puts Getnet ahead of Transbank in profitability for the period. The growth seems to be driven by two things: strong SME adoption and merchant expansion.
Getnet now operates around 310,000 POS terminals across Chile and has built a base of more than 172,000 small and medium-sized businesses.
According to Santander, demand is also increasing among larger merchants looking for host-to-host integrated payment solutions.
This momentum also comes after the integration of PagoNxt as a strategic partner, reinforcing Santander’s broader push to scale its payments ecosystem across markets.
According to Fernando Benito, CEO of Getnet Chile, the performance reflects “the growing adoption of our services by merchants of all sizes across the country.”
Scroll down to see what else is moving in Payments today 👇 I'll be back tomorrow with more updates from the industry.
Cheers,
INSIGHTS
➡️ Visa and Mastercard are winning the AI race in payments.
Not the startups. Not the neobanks. The incumbents. Here’s what’s happening behind the scenes👇
NEWS
🇪🇸 Santander´s Getnet achieves profits of $49.508 billion in 2025 and notes an increase in demand from SME clients. Following the integration of PagoNxt, Santander’s acquiring network Getnet reported profits of $49.5 billion in 2025, up 68% year over year. The growth reflects rising merchant adoption, with 310,000 POS terminals operating across Chile.
🇸🇬 Mastercard completes first live authenticated agentic transaction in Singapore with DBS and UOB. Minsook Cho, Country Manager, Singapore, Mastercard, said, “As the nation advances its AI agenda, Mastercard’s first live agentic transaction shows how innovation can be brought into everyday services responsibly and securely with Agent Pay.”
🇫🇷 Travelsoft Pay partners with Mastercard to power the next generation of secure travel payments. Through this partnership, the platform will leverage Mastercard’s Wholesale Program(MWP). MWP makes virtual card number (VCN)-based travel payments easier and safer, giving travel intermediaries flexible, secure, and instantly generated payments.
🌍 Noah and Nafolo partner to eliminate Africa’s 9% remittance fees for remote workers. This collaboration decisively resolves the systemic inability of African remote workers and students to seamlessly receive funds from abroad. The partnership eliminates prohibitive transaction fees, unpredictable foreign exchange (FX) spreads, and week-long settlement delays.
🇺🇸 ACI Worldwide launches card payments on cloud-native ACI Connetic, advancing unified payments platform. The solution integrates the full card transaction lifecycle into a single platform, enabling financial institutions to modernize processing, enhance customer experiences, and support scalable growth.
🇺🇸 Kraken secures direct access to the Federal Reserve’s core payment system. The approval gives the firm direct access to the same payment rails used by thousands of U.S. banks and credit unions to move money across the financial system.
🇺🇸 TCS Blockchain and PayPal drive financial innovation in the trucking & transportation industry. The collaboration will allow more carriers to settle freight invoices faster and cheaper, utilizing digital assets on blockchain rails. TCS Blockchain and PayPal USD are solving the cash flow challenges in North American supply chains.
🇺🇸 Affirm expands Stripe partnership to support Shared Payment Tokens for agentic commerce. The collaboration will bring Affirm’s pay-over-time options to checkout in AI-driven commerce experiences, so shoppers can see the total cost upfront and select a clear repayment plan even when an AI assistant is helping them browse and buy.
🇪🇸 Peppermint secures a $2.1m strategic backing to accelerate Philippine digital payments push. The new capital will be used to accelerate transaction growth, merchant acquisition, and QRPh-enabled payments, particularly in the fast-growing person-to-merchant segment.
🇬🇧 TaluCard targets the visually impaired with a biometric card. It includes tactile guidance markers and Braille and replaces PIN-based authentication with IDEX Biometrics' fingerprint tech, enabling unlimited contactless transactions. Read more
🇮🇳 Walmart-backed PhonePe targets up to $10.5 billion valuation in India IPO. Walmart will trim its stake in PhonePe by about 12% in the firm's initial public offering, while Tiger Global and Microsoft plan to exit their stakes, according to the firm's IPO filing.
🇳🇿 Visa appoints David Peacock as new Country Manager for New Zealand and the Pacific Islands. In his new role, he would work closely with clients and partners to strengthen engagement, support strategic deals, and help shape the future of seamless and secure payment experiences across the region.
🌎 Sequoia and Founders fund back $70 million raise for Latam’s ARQ. The money will be used to support a rebrand and fund new hires as ARQ looks to expand its services beyond dollar-denominated transfers. Continue reading
🇲🇾 Razorpay Curlec launches Apple Pay for Malaysian Merchants. The purpose of this initiative is to minimize resulting friction in checkout, which is among the most prevalent cart abandonment causes, and assist merchants to earn more conversions at digital checkout.
GOLDEN NUGGET
Visa Direct — 𝐭𝐡𝐞 𝐠𝐥𝐨𝐛𝐚𝐥 𝐦𝐨𝐧𝐞𝐲 𝐦𝐨𝐯𝐞𝐦𝐞𝐧𝐭 𝐬𝐨𝐥𝐮𝐭𝐢𝐨𝐧 (Pay-In & Payout)👇 Created by Arthur Bedel 💳 ♻️
Visa Direct is built to help businesses payout worldwide through ACH, and faster payment networks via a single integration, helping companies meet their operational, commercial, and regulatory needs.
You won’t believe me but today, hashtag#checks account for 50% of B2B payments. Crazy...
Visa built a solution that allows Financial Institutions to send funds (payouts) to accounts, wallets and cards in all major global markets. Visa Direct is also a Pay-in solution to load an account for instance or wallet. It's a full money movement solution. End to End.
► 𝐀𝐜𝐜𝐨𝐮𝐧𝐭
Send a payout to bank accounts via the Visa network using its Automated Clearing House (hashtag#ACH) / Real Time Payments (hashtag#RTP) fulfillment method. The push-to-account service is available cross border.
𝐇𝐨𝐰 𝐢𝐭 𝐰𝐨𝐫𝐤𝐬:
1️⃣ - Sender initiates a payment using a visa direct client.
2️⃣ - Visa Direct Client processes the payment through the Visa Direct Gateway.
3️⃣ - Visa Direct Gateway connects to the Visa Payments Limited (VPL) banking network.
4️⃣ - Local funds transfer scheme/network is utilized to identify appropriate network partners.
5️⃣ - After a network partner has been identified, the payment is transferred to the recipients FI.
► 𝐖𝐚𝐥𝐥𝐞𝐭
Send a payout to wallets via the Visa network, available cross-border. Visa offers the service through Visa Payments Limited (VPL) who can use their network of Wallet Aggregators and Wallet Operators to deliver the payout to the Recipient's wallet.
𝐇𝐨𝐰 𝐢𝐭 𝐰𝐨𝐫𝐤𝐬:
1️⃣ - Sender initiates a payment using a visa direct client.
2️⃣ - Visa Direct Client processes the payment through the Visa Direct Gateway.
3️⃣ - Visa Direct Gateway connects to the Visa Payments Limited (VPL) network.
4️⃣ - A network of waller aggregators and operators on the VPL is utilized facilitate the transaction.
5️⃣ - The payment is transferred to the recipients FI.
► 𝐂𝐚𝐫𝐝:
A real-time payout to cards, using Visa’s global payment system. Originating Entities can use the Visa network to send money to over three billion eligible Visa card accounts!
The new innovative payment solution surged 36% in the last year surpassing 5.9 billion transactions (excluding Russia) across 60+ uses, 550+ enablers, 170+ countries and 2000+ programs.
But why Visa Direct? There are 2 main uses:
► 𝐏𝐞𝐞𝐫-𝐭𝐨-𝐏𝐞𝐞𝐫 𝐏𝐚𝐲𝐦𝐞𝐧𝐭𝐬 (hashtag#P2P):
🔸Paying friends and family
🔸Splitting bills
🔸Sending remittances
🔸Account transfers
► 𝐅𝐮𝐧𝐝𝐬 𝐃𝐢𝐬𝐛𝐮𝐫𝐬𝐞𝐦𝐞𝐧𝐭:
🔸Reimbursements
🔸Refunds
🔸Rebates
🔸Payouts
🔸Loan distributions
🔸Government disbursements
It simplifies a complex process providing a fast & convenient experience to reach payees worldwide securely and reliably on the Visa Network 🚀
Source: Visa Direct
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