Santander’s PagoNxt to acquire majority stake in Mexican technology company MIT

PagoNxt, Banco Santander’s payment fintech, has acquired 70% of the shares in the Mexican technology company Mercadotecnia, Ideas y Tecnolog√≠a (MIT).

PagoNxt is expanding its Getnet solution

The transaction is part of PagoNxt’s plans to expand the use of its proprietary payments company Getnet across Mexico and Central America.

The company says the deal will make Getnet the most feature-rich payment option in the region.

MIT, founded in 2004, …

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