“Can a bank-owned digital account profitably serve LatAm's unbanked population — a question Santander ultimately answered 'no' by shutting Superdigital down in 2024.”
Superdigital launched as a Brazilian digital account aimed at the unbanked and semi-banked, with a mobile-first, API-first multi-country platform. It became part of Santander Group and was consolidated under the PagoNxt umbrella alongside Getnet and Ebury. Santander ultimately deemed it non-strategic, wrote it off, and shut down operations on 18 November 2024 as PagoNxt was refocused into Santander Payment Solutions around Getnet acquiring, Getnet Platforms (A2A/issuing) and Ebury.
Superdigital discloses Superdigital Instituição de Pagamento S.A. (in-house) as its banking provider, with Banco Santander (Brasil) S.A. as its sponsor bank, according to the Embedded Finance Index 2026.
Superdigital does not disclose a bank charter of its own; its banking services are provided through Banco Santander (Brasil) S.A..
Superdigital moves money over Pix.
The Embedded Finance Index 2026 maps 3 layers in Superdigital's stack: Money movement (Pix); Banking / BaaS (Superdigital Instituição de Pagamento S.A. (in-house)); Sponsor bank (Banco Santander (Brasil) S.A.).
Superdigital is founded in 2012 and headquartered in São Paulo, Brazil.
Get a read on where your own stack stands against Superdigital and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.