Banco Santander and iZettle form partnership

Partnering iZettle

Banco Santander and iZettle, the social payments company, have announced a partnership agreement, making Banco Santander the first bank in Spain to enable self‑employed professionals and micro merchants to accept card payments with smartphones and tablets. This initiative falls within the bank’s Innova program that aims to lead innovation in the payments space.

“In Spain alone there are more than one million self-employed, professionals, and micro-companies that, due to the mobile nature of their business, need an option that is more flexible than conventional card terminals,” said Francisco Fernández Cué, Head of Payments at Banco Santander. “For Banco Santander it is a priority to help these businesses to grow and flourish. The bank is making use of new technologies and mobile devices to make its customers’ lives and work easier.”

Jacob de Geer, co-founder and CEO of iZettle said: “Small businesses deserve a simpler, more mobile and affordable way to accept credit card payments, and our breadth of products and partnership with Santander go a long way towards making that happen. After seeing a great demand and take up on our Chip & Signature solution, adding a Chip & PIN reader to our product offering enables us to extend our target group of individuals and micro merchants to include businesses with higher transaction volumes.”

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