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Banco Santander acquires New Age Data in Uruguay to continue its expansion in Latin America

Banco Santander acquires New Age Data in Uruguay to continue its expansion in Latin America

PagoNxt, a fintech in charge of the payments business of Banco Santander, recently announced that it completed the acquisition of the Uruguayan company New Age Data (NAD), dedicated to the use of automatic data capture in the country, within the framework of its platform of receipts and payments for businesses, Getnet. In order to continue its expansion in Latin America.

The entity had already announced an agreement for the purchase of NAD last August with the aim of developing new technologies for the implementation of payment methods.

This acquisition was made through its global acquisition franchise Getnet, a strategic initiative of Grupo Santander to grow with the integration and development of different payment solutions for businesses, companies and consumers using different technologies.

NAD, according to a Uruguayan media called “Montevideo”, is dedicated to the implementation of transactional systems for points of sale and payment processing with credit and debit cards (POS), commercial management systems and electronic invoicing. With the acquisition of NAD, Getnet now has its own terminal network in Uruguay, which allows it to provide a solution to SMEs throughout the country, as reported by PagoNxt.

“We are going to provide the POS service (Point of Sale, terminals at the point of sale) and value-added services through the acquisition of NAD. We have a vision of an open and digital platform, and this is something that NAD has done very well in these 30 years of experience, developing customized solutions for businesses, where not only the payment road is provided, but also all the values aggregates. Our goal is to broaden and deepen the relationship with all NAD clients and present Getnet’s proposal in terms of multi-tenancy ”, stated Hernán Gómez, General Manager of Getnet Uruguay.

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