Company: BCDRF
Filing Date: 2025-10-29
Form Type: 6-K
Source: 0000891478-25-000132
Chunk: 57

Company: Banco Santander, S.A.
Filing Date: 2025-10-29
Form: 6-K
Chunk 57
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%. In Cards, spending increased8%year-on-year in constant euros and transactions rose5%. 
 →Attributable profit was EUR 558 million,up 62% year-on-year in constant euros excluding the charges in Q2 2024 after discontinuing some platforms, driven by a good revenue performance boosted by higher activity. PagoNxt's EBITDA margin  improved 8.9 pp year-on-year to 31.6% in 9M 2025.                                              |     |                                |     |            |

PagoNxt and Cards strategy

In PagoNxt, we continued to make progress in our strategic priorities: • In Getnet, our focus is on fostering business expansion by investing in innovation and creating effective commercial channels. We are working to expand our regional API capabilities, which is now live in Uruguay, in addition to Brazil, Argentina, Chile and Mexico, reinforcing Getnet's positioning in Latin America. Our strength and commitment to excellence in payments across regions was recognized in The Nilson Report where Getnet was the leading acquirer in Latin America by TPV in 2024, and the second by number of transactions. Our focus on innovation and development of tailored solutions for global and local merchants is also clear in Spain, where Getnet used its Tap on Phone technology to turn a large company's delivery drivers' mobile phones in the country into payment terminals, eliminating hardware, minimizing errors and streamlining logistics. In Portugal, we partnered with Elecctro to offer electric vehicle drivers a seamless payment experience at charging points. • In Ebury, we remain focused on: i) growing customers by expanding our product offering and online capabilities; ii) expanding geographically with a focus on developing markets; iii) introducing tailored products to capture verticals such as mass payments; and iv) increasing collaboration revenue with other global businesses. • In PagoNxt Payments, we continued to develop our solution for A2A payments processing, foreign exchange, fraud detection and value-added services, leveraging the best technology to build tailored solutions for customers. In Cards , we remained focused on the following priorities: • Expand the business to continue growing and offering the best products to our customers. We further implemented Cards Data Lab, which continued to expand its functionalities to improve credit card experience in the different life cycle phases. This quarter, we launched it in Brazil. This quarter, we continued to expand our joint value proposition with Getnet (cards and PoS), by launching it in Brazil. It is already available in Spain, Chile