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Finance & Economics

Santander issues new digital card

Aug 28, 2020

The new digital debit card will be linked to the customers’ physical debit card

Banco Santander Chile

Santander issues new digital card. Source: shutterstock.com

According to the report, Banco Santander Chile has launched its new digital debit card.?It’s available to all of the clients with a debit card linked to their current Cuenta Life account, simple debit account, or e-checkbook. The university accounts are included as well.

This way, the Bank’s clients will be able to shop and pay through the internet or in mobile apps, with no need to have a credit card.

Santander explained that the rise of mobile apps and digital platforms requiring a safe e-payment system that previously wasn’t available drove that launch.

This is a great technological advancement that we give to all our clients, at a time when commerce through the internet has exploded in Chile, multiplying its size threefold since the beginning of the COVID-19 pandemic. With this form of payment and other innovations such as the Pulsera Chip (Chip wristband in English) or the 100% digital Cuenta Life, we are giving our clients solutions that make their lives easier and safer. Our teams have worked intensely in designing new solutions and we will soon announce more innovations
Matías Sánchez, Head of the Commercial Bank division at Banco Santander Chile

We’ve reported that Banco Santander has launched PagoFX, a low-cost international money transfer service, in the UK. It enables UK residents with a debit card issued by any country’s financial institution to quickly send funds abroad from their smartphone.

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