Pagonxt Payments

Pagonxt Payments: An Overview For Enterprise Merchants

Pagonxt Payments is the cloud-native payments arm within the PagoNxt group backed by Santander. It focuses on account-to-account processing, global payouts, foreign exchange, smart routing, and SWIFT connectivity for banks, non-bank financial institutions, and large corporates. If you operate as a multinational merchant or marketplace that needs cross-border collection and payout infrastructure, Pagonxt Payments can underpin your payment flows while merchant acquiring is delivered by its sister brand Getnet.

What Is Pagonxt Payments

Pagonxt Payments provides end-to-end account-to-account and cross-border payment capabilities, delivered as SaaS or PaaS, and built on ISO 20022-ready, API-first services. Its role within the PagoNxt group is to power domestic and international payments for financial institutions and large businesses, while Getnet focuses on merchant acquiring. The company positions its platform as cloud-native, resilient, and scalable, supported by Santander’s global footprint and infrastructure.

Core Products And Capabilities

Payments Engine

A cloud-native engine that processes account-to-account payments in real time, centralizing initiation through execution on one platform. Key attributes include ISO 20022-compliant APIs, multi-tenant resilience for high volumes, optimization features, and integrated operational controls for compliance across markets.

Digital Payins

A receivables solution intended to simplify incoming funds and reconciliation. It supports bank transfers including local and international rails and also supports cards within a single pay-in experience. Businesses can automate reconciliation and manage sub-accounts to route funds to business units or partners.

Global Payouts

Cross-border pay-out services with real-time or same-day delivery where available. The service supports more than 20 currencies for settlement and reach into more than 140 markets, with access via API, SWIFT, host-to-host, or web portal. Full-amount payouts are supported to reduce beneficiary deductions, with real-time tracking and webhook notifications.

FX Services

An embedded foreign exchange suite that enables pay-ins, payouts, conversions, and multi-currency accounts. You can monetize conversions, automate FX within the payment flow, and lock or execute spot rates programmatically. For acquirers and large merchants, this can power Dynamic Currency Conversion and multi-currency presentment strategies.

Smart Routing

Rules-based routing across intermediaries and providers to control cost, speed, and straight-through processing rates. Logic can be based on currency, corridor, charge type, counterparty, or risk criteria. The goal is to reduce failures and fees while staying within your risk appetite.

SWIFT Connectivity

A managed SWIFT connectivity platform built on Santander infrastructure. It emphasizes high availability, secure data warehousing, performance at scale, and alignment with recognized standards and frameworks such as ISO 27001 and ISO 22301, as well as European Banking Authority guidance. The service targets banks and NBFIs that need robust financial messaging without building in-house SWIFT expertise.

Recent Network Expansions And Notable Corridors

Pagonxt Payments continues to add direct and sponsored connectivity. Notable updates include:

• Direct connectivity to Fedwire for USD settlement that improves predictability and operational control for high-value transactions.

• An indirect participation model for SEPA connectivity delivered in partnership with Banco Santander, enabling faster deployment for institutions that choose a sponsored approach.

• FX enablement for Getnet that brings multi-currency acceptance to merchant acquiring, with 140 plus currencies covered by the FX engine. For enterprise merchants, this is relevant when you combine Getnet acquiring with Pagonxt Payments’ FX capabilities to expand cross-border acceptance.

How Pagonxt Payments Fits Merchant Stacks

Many enterprise merchants operate a hybrid model that blends acquiring, alternative payment methods, and treasury functions. Pagonxt Payments is best positioned in two ways:

1. Enterprise Receivables And Treasury: Use Digital Payins to collect via domestic transfers and cards where applicable, then match and reconcile automatically. Use Global Payouts to pay suppliers, riders, creators, or sellers with same-day or real-time delivery in supported markets. Insert FX Services to optimize conversions and manage multi-currency balances.

2. Acquiring Plus FX For Cross-Border Commerce: If you process with Getnet for card acquiring, Pagonxt Payments’ FX engine can enable multi-currency presentment and settlement coverage. This pairing is relevant for global ecommerce where you need to price in local currencies and reduce FX leakage.

Integration Options And Developer Experience

Pagonxt Payments provides an API-first integration approach with ISO 20022-compliant interfaces for payment initiation and reporting. Connectivity choices include:

• APIs and Webhooks for orchestration, status, and reconciliation.

• SWIFT for standardized financial messaging.

• Host-to-Host for file-based high-volume operations.

• Web Portal for manual operations, visibility, and support.

Onboarding generally follows a guided path that includes sandbox testing through the developer portal, followed by go-live and access to a client portal for operations and service tickets.

Currencies, Markets, And Settlement

• Payout Reach: more than 140 markets via Santander’s footprint and partner banks.

• Settlement Currencies: accounts in more than 20 currencies to fund and receive cross-border payments.

• FX Model: flexible use of pay-with-FX, convert-and-pay, and multi-currency accounts.

• Full-Amount Payouts: designed to minimize intermediary deductions for the beneficiary.

For merchants, the practical takeaway is the ability to localize the payee experience, control FX conversion points, and increase traceability end to end.

Compliance, Security, And Reliability

Compliance is built into product design with a focus on standards and operational controls. Highlights include:

• ISO 20022 Alignment across products and content that address modernization of messaging with richer, more structured data.

• SWIFT Connectivity Standards operated on Santander infrastructure that details alignment with ISO 27001 and ISO 22301 and references EBA expectations.

• Bank-Grade Controls tied to Santander’s operational footprint, including 24 by 7 support on the SWIFT platform and resilient multi-path routing.

Merchants that are subject to stringent treasury and audit requirements can leverage these attributes to standardize reporting, improve traceability, and simplify risk assessments.

Performance And Optimization

The stack emphasizes resiliency and throughput for high-volume processing, supported by multi-tenant cloud architecture. Payments Engine optimization features and Smart Routing can raise straight-through processing rates, reduce reformatting issues between counterparties, and lower operational costs by choosing the most efficient route per transaction.

Use Cases For Enterprise Merchants

• Marketplaces And Aggregators: Collect funds across multiple sub-accounts, auto-reconcile to order or user IDs, then pay out to sellers or service providers in local currencies while controlling FX.

• Digital Education And Subscription Services: Automate reconciliation for high volumes of bank transfers and improve back-office processes with real-time data.

• Logistics, Travel, And Gig Platforms: Fund multi-currency accounts and pay contractors same day, with webhook-based status and visibility.

• Cross-Border Ecommerce: Pair Getnet acquiring with Pagonxt Payments FX to offer multi-currency pricing and optimize settlement in your treasury currency.

Strengths

• Cloud-native, API-first platform with ISO 20022-aligned messaging.

• Broad cross-border coverage with 140 plus market reach and more than 20 settlement currencies.

• Enterprise features for reconciliation, routing, visibility, and SWIFT connectivity.

• Backed by Santander infrastructure and global banking relationships.

Conclusion

Pagonxt Payments is best suited to merchants and platforms that need enterprise-grade receivables, payouts, FX, and financial messaging with standardized data and global reach. If your roadmap includes multi-currency acceptance through Getnet, complex payee payouts, or modernization of treasury rails, Pagonxt Payments provides the payments core and connectivity to support those outcomes.