EVERTEC AND BANCO SANTANDER REDEFINE THE PAYMENT MEDIA MARKET IN CHILE
Evertec will offer its suite of processing, products and applications of acquirer along with Banco Santander to evolve the market in Chile
(Santiago, Chile – June 18, 2019) – Evertec and Banco Santander Chile announced today the signing of a 5-year alliance, under which Banco Santander will enter the acquisition market in Chile by leveraging Evertec's suite of products, solutions and regional expertise.
Through this agreement, Banco Santander will provide products and services to transform and evolve the acceptance of electronic and digital media payments in merchants throughout the Chilean territory.
Under this agreement, Evertec will provide Banco Santander a complete, secure and efficient, cloud-based solution that includes, but is not limited to:
- routing and authorization of transactions
- platforms for business administration
- solutions for omni-channel transactions, including e-Commerce offering, and Mobile Commerce
- security and fraud prevention and management solutions
This alliance with Banco Santander represents Evertec's consolidation as one of the leading payment processing providers in the Chilean market as well as in Latin America and the Caribbean, leveraging and consolidating its 2017 purchase of Paygroup in Chile and its expansion strategy in Latin America.
"Evertec is a leading transaction processing and payment services company in Latin America. We are extremely pleased to work hand in hand with Banco Santander, a leading global bank, to together transform the payments market in the country. We are confident that the platform and services we will provide to Banco Santander in Chile, together with our team of experts in the various areas of the processing and acquiring business, will help Santander become a relevant player in the market. Santander has taken an important step in disrupting Chile's acquisition market when it announced their separation of Transbank a few months ago. We are honored to accompany them on this path," explain Mac Schuessler, CEO and President of Evertec.