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December 22, 2020

Santander launches cross-border payments app PagoFX in Spain

PagoFX, the low-cost international money transfer service and part of Banco Santander’s new autonomous business PagoNxt, has launched its services in Spain.

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  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
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Spanish residents can now use PagoFX for making international payments, regardless of the bank account they use.

They can use the debit or credit cards issued by any bank or financial institution to remit money overseas using a smartphone.

They will also have access to customer support via in-app chat, online and e-mail channels.

Moreover, PagoFX is offering a no-fee programme to residents, in the wake of the Covid-19 pandemic.

This programme allows users to send up to €1,000 for free until 28 February 2021.

Customers can use the PagoFX app to remit money to a total of 50 countries, worldwide.

They can send money in ARS, AUD, BHD, BRL, BGN, CAD, COP, HRK, CZK, DKK, EUR, HKD, HUF, INR, ILS, KWD, MXN, NZD, NOK, PEN, PLN, QAR, RON, SAR, SGD, ZAR, SEK, CHF, TRY, GBP, and USD currencies.

PagoFX CEO Cedric Menager said: “We have been looking forward to launching PagoFX in Spain since we started the project.

“In Spain, there are many people who often send money to family and friends from other countries.

“Now they will have it easier than ever with PagoFX thanks to the speed, security, transparency and low cost.

“Our vision is to be the world’s most trusted and loved way to send money abroad and we want all our customers to feel confident about sending money overseas.”

PagoFX employs over 70 people in Spain, Belgium and the UK. In April 2020, Santander introduced PagoFX in the UK.

Free Report
img

Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

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