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← Embedded Finance Index 2026/Stories/Banco Santander
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Banco Santander

2021–2026 in 10 milestones, 9 of them in payments, lending, licences or reported financials.

1857
Founded
Boadilla del Monte, Madrid, Spain
Headquarters →
5
Licences held
◇ Product▲ Acquisition■ Partnership○ MilestoneEmbedded finance
2021
◇ ProductEmbedded finance

Launched Plard, a cloud-native global debit/credit card issuing and management platform, built by the Brazil subsidiary.

◇ ProductEmbedded finance

Launched BNPL product in Germany via Openbank/Santander Consumer Finance.

2022
■ PartnershipEmbedded finance

Santander Bank N.A. (US) launched Treasury Fusion, direct ERP-to-bank integration for commercial clients.

◇ ProductEmbedded finance

Rebranded/launched Zinia BNPL platform in the Netherlands and other European markets.

2023
○ MilestoneEmbedded finance

Restructured into five global businesses: Payment Solutions (Global Cards + PagoNxt), Corporate & Investment Banking, Wealth Management & Insurance, Retail & Commercial, and Openbank.

2024
■ PartnershipEmbedded finance

Getnet by Santander launched Getnet SEP, a single-integration e-commerce payments solution across Brazil, Argentina, Chile, and Mexico.

2025
▲ AcquisitionEmbedded finance

Acquired Webster Financial: US commercial banking acquisition supporting Santander's US strategy; capital increase completed in connection with the transaction.

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○ MilestoneNovEmbedded finance

Detailed positioning of Payments Hub as PagoNxt-designed SaaS payments infrastructure now offered to the open market.

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2026
○ MilestoneSep

Santander increases 2026 interim cash dividend by 10% to 12.7 euro cents per share.

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○ MilestoneSepEmbedded finance

Named as a founding member (one of 21 international financial institutions, alongside Bank of America, Capital One, Citi, Fidelity Investments, Goldman Sachs, PNC, Scotiabank, TD Bank Group, Wells Fargo, WisdomTree, Bbva, Commerzbank, Deutsche Bank, Lloyds, Rabobank, Ubs, Mufg, Sirius International Holding, Standard Bank and Crédit Agricole) of a new joint venture to issue a stablecoin — name not yet disclosed at announcement. Initial focus on a USD-denominated stablecoin, with EUR the priority for later expansion; targets wholesale, institutional and retail use cases including cross-border payments and digital-asset settlement. Go-to-market targeted for H1 2027.

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