International Payments
Santander Financial has launched a new instant transfer service from Spain to Mexico and the United Kingdom. The service, free for individual customers, aims to streamline cross-border payments in pounds and Mexican pesos through its digital channels.
Santander has announced the launch of a new instant international transfer service from España to two of its strategic markets: México y Reino Unido. The measure allows the entity's customers in España Send funds that are credited instantly to the destination accounts, provided that the transaction is carried out in the corresponding local currency, i.e., pounds sterling or Mexican pesos.
This advancement is part of the bank's strategy to simplify and accelerate international payments , a key area for companies with international operations and for individuals with ties to both countries. The process is managed entirely through the bank's digital channels , reinforcing its commitment to technological transformation as a cornerstone for offering a differentiated service in the global market.
Key features of the new cross-border payments service
One of the main advantages of the service is its cost. Transfers will be free for all private customersThis eliminates a common barrier in international money transfers. In transactions requiring currency exchange, Santander has announced that only the exchange rate applicable at the time of the transaction will be applied, with no additional fees for this customer segment.
Sources from the entity headquartered in Madrid They emphasize that this functionality is possible thanks to the internal technological transformation and the synergy between the different entities of the Group Santander in the markets involved. The ability to process and settle payments instantly between its subsidiaries represents a significant competitive advantage and added value for managers and professionals who manage capital flows between these regions.
| Feature | Detail |
|---|---|
| Destination Countries | México y Reino Unido |
| Availability | Immediate |
| Cost (Private Customers) | Free (no transfer fees) |
| Foreign Exchange Transactions | British pounds (GBP) or Mexican pesos (MXN) |
| Broadcast Channel | Digital channels of Santander España |
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