In a significant stride towards revolutionizing the e-commerce landscape in Latin America, Getnet, the merchant payment solutions division of Santander, has unveiled Getnet SEP, a groundbreaking unified e-commerce payment system. Developed by Getnet Technology & Operations, this sophisticated system is designed to simplify the complexities faced by merchants in Brazil, Argentina, Chile, and Mexico. It offers an all-in-one solution for handling payments, refunds, and subscription billing through a single technical integration point, incorporating advanced features like fraud prevention and tokenization. Merchants struggling with the intricacies of multiple technical integrations and diverse payment systems, especially in the realms of subscription entertainment and digital marketplaces, can now find solace in this comprehensive platform.
The launch of Getnet SEP comes at a particularly fortuitous time when Latin American e-commerce is on a rapid growth trajectory, with projected volumes expected to hit €800 billion (US$866 billion) by 2026. Currently, Getnet is processing over seven billion payments annually, amounting to €205 billion (US$221 billion), positioning it to take full advantage of this booming market. The system is already up and running for merchants in Brazil and Argentina, with future rollouts planned for Chilean and Mexican markets. This single integration platform not only simplifies the onboarding of new payment providers but also facilitates merchants in entering new markets without the burden of maintaining multiple payment systems.
Streamlining Cross-Border Transactions
In a major development in the Latin American e-commerce space, Getnet, the payment solutions arm of Santander, has introduced Getnet SEP, an innovative unified e-commerce payment system. Created by Getnet Technology & Operations, this advanced system aims to simplify the complexities merchants face in Brazil, Argentina, Chile, and Mexico. The all-in-one solution manages payments, refunds, and subscription billing through a single technical integration point, offering features like fraud prevention and tokenization. This system is especially beneficial for merchants in subscription entertainment and digital marketplaces who struggle with multiple technical integrations and diverse payment systems.
The launch of Getnet SEP is timely, aligning with Latin America’s rapid e-commerce growth projected to reach €800 billion (US$866 billion) by 2026. Currently, Getnet processes over seven billion transactions annually, totaling €205 billion (US$221 billion), positioning it to capitalize on this booming market. The system is already operational for merchants in Brazil and Argentina, with plans to expand to Chile and Mexico. This unified integration platform simplifies onboarding new payment providers and enables merchants to enter new markets without juggling multiple payment systems.
