back Back

Banco Santander’s PagoFX announces availability in Spain

By Megha Bhattacharya

December 22, 2020

  • Pagofx
  • Spain
Share

International money transfer service provider, PagoFX announced that it is now available in Spain. The service is a part of PagoNxt, an autonomous business created by Banco Santander. PagoFX will allow residents in Spain with any debit or credit card to send money abroad via their smartphone.

The company stated that it will be helping Spanish residents with a no-fee programme, thus letting all users to send up to €1.000 in different transactions at no fee until 28 February 2021, and higher amounts at a low cost.

Cedric Menager, CEO at PagoFX, said, “We have been looking forward to launching PagoFX in Spain since we started the project. In Spain, there are many people who often send money to family and friends from other countries. Now they will have it easier than ever with PagoFX thanks to the speed, security, transparency and low cost. Our vision is to be the world’s most trusted and loved way to send money abroad and we want all our customers to feel confident about sending money overseas.”

Spanish residents can now sign up for an account, after downloading the app. They can begin international money transfers after a verification process. PagoFX stated that it offers a quick verification process before a customer’s first payment, shows every cost upfront and offers bank-backed security.

Recently, PagoFX was made available to 3.5 million UK sole traders. This will allow sole traders to register and transfer money abroad with the transparency of fees and real-time exchange rates. The service has also seen the addition of eight new currencies from the Middle East and Central and Eastern Europe, including Israel, Turkey, Romania and Croatia.

Previous Article

December 21, 2020

5 FinTech companies transforming the financial space in Brazil

Read More
Next Article

December 22, 2020

ICICI Bank Canada introduces ICICI Bank Canada Visa Debit Card

Read More








IBSi Daily News Analysis

cybersecurity

April 18, 2024

Pagofx

GCC banks bolster Cybersecurity measures to combat email fraud

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

March 13, 2024

SBI selects ‘iCashpro+’ Aurionpro’s Cash Management & Transaction Banking Platform

Read More

February 28, 2024

iGTB Intellect deploys its CTX platform for Societe Generale

Read More

January 23, 2024

Crédit Agricole CIB selects iGTB’s CTX cash management solution

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023