Santander Chile proposes to incorporate PagoNxt as a strategic partner of Getnet Chile to strengthen its leadership in the local payments market

Core Insights - Banco Santander Chile is proposing a strategic alliance with PagoNxt, enhancing Getnet Chile's technological capabilities and international reach [1][3] - The transaction involves incorporating Getnet Payments, SL. into Getnet Chile, with Banco Santander Chile maintaining a controlling 50.01% stake [2] - This partnership aims to strengthen Getnet's market leadership and competitiveness in the payments sector [5][4] Financial Overview - As of September 30, 2025, Banco Santander Chile reported total assets of $73.258 billion, total gross loans of $44.002 billion, total deposits of $31.515 billion, and shareholders' equity of $4.930 billion [7] - The BIS capital ratio stood at 16.7%, with a core capital ratio of 10.8% [7] Market Position - Getnet Chile has achieved an 18.9% market share in physical card transactions within four years and operates over 316,000 POS nationwide [1] - PagoNxt processed payments worth €222 billion in 2024, handling 9.8 million transactions for 1.2 million merchants, indicating its significant scale in the payments market [4]