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Starting tomorrow, June 27th, Banco Santander customers will be able to carry out payments through mobile payment service provider Samsung Pay. With this initiative, Santander Spain broadens its range of digital banking services so that customers can pay easily and safely with their smartphone in establishments that accept contactless card payments, as well as withdraw cash and perform other transactions at Santander’s 2,000 contactless ATMs.
Santander customers only need to actívate their debit or credit cards on compatible Samsung devices. In Spain, Samsung Pay is currently compatible with Galaxy S8 and Galaxy S8+, Galaxy S7 and S7 edge, Galaxy S6, S6 edge and S6 edge+, as well as Galaxy A5 2016 and 2017.
The subsidiary of Grupo Santander will now offer customers a full suite of banking products and services through an entirely redesigned mobile app and website. The new Openbank platform has been developed over the past 15 months in Spain using some of the most advanced technologies. It is one of the first banks in the world to use a cloud-based IT infrastructure. This allows the Bank to offer a 100% digital proposition with novel features and the most advanced security.
Banco Santander today announces that it has acquired Banco Popular. The acquisition takes place following an auction conducted by the Single Resolution Board and FROB in which Santander was selected as the successful bidder, paying a notional consideration of €1. As part of the transaction Santander will complete a rights issue for a total amount of €7 billion. This will cover the capital and provisions required to strengthen Popular’s balance sheet.
