Elavon and Banco Santander agree to deliver merchant services in Spain

Partnering Elavon

Global payments provider Elavon and Banco Santander have confirmed the establishment of a joint venture relationship in Spain.

The agreement establishes Santander Elavon Merchant Services, 51% of which will belong to Elavon and the remaining 49% to Santander.

Juan Golmayo, named CEO of the joint venture, will lead the organisation’s efforts and has over 20 years experience in the cards industry.

 “Santander Elavon Merchant Services will deliver great benefits to business customers of all sizes across Spain, and Juan’s ability to deliver on this opportunity is proven in the marketplace,” said Simon Haslam, President of International Markets for Elavon. “From providing global accounts with a single source provider across their portfolio, to addressing the needs of small business customers, this JV leverages the best that both Santander and Elavon offer,” Haslam said.

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