This global business comprises the Group’s most innovative payments arms (PagoNxt), as well as the cards platform and units in our markets (Cards). Our unique infrastructure helps us increase scale through global platforms and our work at the cutting edge of payment solutions. 

Our global payments business comprises cards, merchant acquiring and account-to-account payment (A2A) solutions. 

Our issuer business, Cards, which also offers credit, focuses on optimizing the payment experience and plays a crucial role in the growth strategy of the business. This way we can also forge ties with our customers. 

Our payments platform, PagoNxt, the other segment of the Payments business, offers solutions for strategic business and high-growth segments through:  

• Getnet - our merchant payments business with a presence in Latin America (Brazil, Mexico, Argentina, Chile, and Uruguay) and in Europe (pan-European activity with active merchants in 15 countries and acquisition license in 31 countries). It offers global, integrated acquiring, processing and value-added solutions for brick-and-mortar and online stores.
• PagoNxt Payments - our payments vertical that focuses on the end-to-end transaction process and brings together Payments Hub, our payment processing and A2A business, and OneTrade, our solutions for managing international business.
• Ebury - a global platform for SMEs to make international payments in several currencies.

The global Payments business is key to the Group’s performance. In PagoNxt, Payments Hub is one of Europe’s leading processors of direct account-to-account (A2A) payments. The total payments volume of Getnet, the second acquirer in Latin America and the 17th globally, grew by 22% year-on-year in all markets in 2023, up to 206 billion euros. Revenue rose 20% year-on-year due to greater activity and volumes in all regions, especially in the merchant payments business (Getnet) and international trade.

Cards reached 99 million cards in circulation across the globe in 2023, which led to a RoTE of 35% and double-digit revenue growth to 4 billion euros, not to mention a sharp increase in customer activity.

Against this backdrop, the strategy for 2024 and beyond is to remain the world’s payments powerhouse. To achieve that, we’re focusing on these three areas: