Santander’s Getnet names Juan Franco as new global CEO
Getnet, a payment solution provider operating as part of Banco Santander’s paytech arm PagoNxt, has appointed former Nuvei SVP Juan Franco as its new global CEO.
Getnet’s new global CEO, Juan Franco (Image: Santander)
Franco, who will be based in Madrid, will succeed Kush Saxena in the role. Saxena, who has held the position for over two and a half years, has decided to step down for “personal reasons”, according to a company statement.
Saxena is set to shift to an advisory position with Getnet’s board while maintaining his chairmanship of MIT, its Mexican technology partner. PagoNxt acquired a 70% stake in MIT in 2021.
Santander says Saxena’s new remit will involve “overseeing and advising on future projects and initiatives for the business globally”.
Before joining Getnet, Franco was SVP and GM for the APAC region at Canadian payments processor Nuvei. Prior to that, he spent over 13 years as CEO of Paymentez, an online payment platform in Latin America that he also co-founded.
His earlier career also includes leadership roles at prominent companies such as Dell Technologies, Salesforce, and Mentez.
Santander spun out its Getnet Brazil business in 2021, saying at the time it had plans to create “a global merchant acquiring franchise” under the Getnet brand as part of PagoNxt.
Ana Botín, executive chair of Santander and PagoNxt, says that the company’s total payment volume has doubled in the last three years, now handling over €200 billion in payments annually from 1.3 million merchants worldwide.
Last month, the company launched Getnet SEP, a new e-commerce payments offering for merchants in Latin America.
