Launched in April 2020 by Santander Group, PagoFX was a fintech venture created to compete with established players like Wise (formerly TransferWise) and Revolut in the international payments market. It offered fast, secure, and low-cost foreign exchange and money transfer services through a mobile app. The service leveraged Santander's extensive banking infrastructure and expertise to provide bank-level security and competitive exchange rates. In October 2021, its parent company, PagoNxt, announced a strategic shift to focus on B2B payment solutions, leading to the closure of the consumer-facing PagoFX service on November 30, 2021.

Founded in

United Kingdom