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