Santander Chile launches new digital debit card

Rhea-AI Summary

Banco Santander Chile has launched a new digital debit card, allowing clients to shop online without needing a credit card. This initiative aims to address the surge in e-commerce, which has tripled since the COVID-19 pandemic. The digital card will be linked to existing debit accounts and offers immediate access to online payment features through the Santander app. Matías Sánchez, Head of the Commercial Bank division, highlighted this development as a significant technological advancement, enhancing safety and convenience for clients during increased online shopping.

Positive

• Launch of a new digital debit card enhances online shopping capabilities for clients.
• Addresses the surge in e-commerce which has tripled during the COVID-19 pandemic.
• Immediate access to card features through the Santander app improves client experience.

Negative

• None.

SANTIAGO, Chile, Aug. 25, 2020 (GLOBE NEWSWIRE) -- Banco Santander launched its new digital debit card, available to all of its clients with a debit card linked to their current account, Cuenta Life, simple debit account or electronic checkbook, as well as university accounts. This will enable to shop and pay through the internet or in mobiles apps, without the need to have a credit card.

The current sanitary contingency, along with the recommendation of social distancing and/or confinement, have generated a habit change in the way people do their transactions, creating an unprecedented increase in e-commerce. This, along with the increase of multiple mobile apps and digital platforms that require a safe electronic payment system that until this moment was not available for everyone, has led Banco Santander Chile to launch this innovation.

In this manner, the new digital debit card will allow all clients of Banco Santander to do transactions online and will be linked to the physical debit card.

“This is a great technological advancement that we give to all our clients, at a time when commerce through the internet has exploded in Chile, multiplying its size threefold since the beginning of the Covid-19 pandemic. With this form of payment, and other innovations such as the Pulsera Chip (Chip wristband in english) or the 100% digital Cuenta Life, we are giving our clients solutions that make their lives easier and safer. Our teams have worked intensely in designing new solutions and we will soon announce more innovations”, said Matías Sánchez, Head of the Commercial Bank division at Banco Santander Chile.

The launch of this product is through the web portal or the Santander app. Once activated the client can immediately visualize their independent card number and the necessary information that is required to pay in online commerce in Chile or abroad.

CONTACT INFORMATION
Robert Moreno
Investor Relations
Banco Santander Chile
Bandera 140, Floor 20
Santiago, Chile
Tel: (562) 2320-8284
Email: irelations@santander.cl 
Website: www.santander.cl 

FAQ

What is the new product launched by Banco Santander Chile?

Banco Santander Chile launched a new digital debit card for online and mobile transactions.

How does the digital debit card impact online shopping during the COVID-19 pandemic?

The card addresses the significant increase in e-commerce that has tripled during the COVID-19 pandemic.

How can clients access the new digital debit card?

Clients can access the digital debit card through the Santander app or web portal and activate it instantly.

What are the key features of Banco Santander's digital debit card?

The digital debit card allows for online shopping and payments without needing a credit card, linked directly to existing debit accounts.