Getnet Turns Six, Reaches Profitability, and Eyes Global Expansion
Hey Payments Fanatic!
Getnet’s growth story shows just how fast Argentina’s payments market has evolved since opening up in 2019.
In only six years, the Santander-backed company has grown to more than 200,000 merchants and reached profitability before its sixth anniversary — a rare milestone in the industry.
Built with “the speed of a FinTech and the backing of a huge corporation,” the firm has expanded from SMB retail into larger enterprise and multinational accounts.
What stands out most is Getnet’s focus on infrastructure. Its Single Entry Flow (SEF) solution lets multinational merchants integrate once and operate across multiple countries, while its ISV partnerships embed payments directly into business software.
As competition intensifies in Argentina’s acquiring space, Getnet is betting that integrated and cross-border payments will define the next phase of growth.
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Cheers,
INSIGHTS
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NEWS
🇪🇸 Getnet Argentina turns six: 200,000 merchants, profitability in record time, and a global payment solution that no local processor has. Backed by Santander Group, the company has expanded from retail merchants into larger corporate clients while using a growth strategy focused on customer acquisition, expansion, and retention.
🇬🇧 Recite Me toolbar boosts accessibility of Ecommpay website. The update adds features such as text-to-speech, translation, adjustable fonts, and reading aids, supporting the company’s broader accessibility initiative and helping merchants deliver more inclusive payment experiences.
🇩🇪 ryd launches ryd fleet in collaboration with Mastercard, a digital-first payment operating system for European fleet operators. ryd fleet combines ryd’s digital mobility platform with Mastercard’s global acceptance network and virtual card technology to offer a fully digital, tokenized fleet card.
🇦🇪 Mastercard Lighthouse launches in the UAE in collaboration with the UAE AI Office to accelerate FinTech innovation. Mastercard Lighthouse UAE aims to bridge the gap between the fast-growing startup ecosystem and the ability of financial institutions to adopt and scale innovation.
🇮🇳 General Catalyst Scapia just led a $63M bet on India’s travel payments market. Scapia, which has about 250 employees, said the fresh funding will go toward expanding its product offerings and hiring more AI-focused engineering and product talent as competition intensifies in India’s consumer FinTech market.
🌏 Sorted Wallet raises $4.4 million to push stablecoins across Africa and Asia. Sorted Wallet just secured seed funding from Tether and Gnosis to bring stablecoin payments to hundreds of millions of feature phone users. Continue reading
🇰🇷 K Bank accelerates stablecoin business, aiming to lead digital asset competition among banks. The bank’s strategy is to leverage the capital strength secured through its IPO to build overseas remittance and payment infrastructure and to gain a leading position in the banking sector’s digital asset competition.
🇺🇸 FinTech boss defends sacking entire HR department for ‘creating problems that didn’t exist’. Bolt has linked recent layoffs and restructuring efforts to its push toward becoming a more AI-focused business, with CEO Ryan Breslow defending the removal of the company’s HR department as part of broader operational streamlining.
🇹🇿 UBX Tanzania deepens partnership with ACI Worldwide to power the next phase of the nation’s digital economy. Under the extended partnership, UBX can now serve merchants directly, expanding its market reach and service portfolio while streamlining operations and delivering significant savings in cost, time, and effort.
🌍 TrueLayer expands Dublin operations and appoints Pamela Fegan as Ireland CEO. Fegan will lead the next phase of TrueLayer’s European growth as adoption of Pay by Bank accelerates across the region. The new Dublin office will support the company’s growing teams across operations, risk and compliance, AML and financial crime, finance, communications, and regulatory affairs.
🌎 Bitget Wallet has expanded stablecoin QR payments in Latin America. The service allows users to pay with USDC or USDT directly from self-custodial wallets through local QR payment systems such as Pix and Transferencias 3.0, enabling stablecoin spending in everyday retail and peer-to-peer transactions without additional currency conversion steps.
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