A logo of Banco Santander is seen in Rio de Janeiro, Brazil April 29, 2019. Picture taken April 29, 2019. REUTERS
(Reuters) – Spanish banking giant Banco Santander (SAN.MC), and is pushing to expand its U.S. operations through a partnership that taps into Verizon’s (VZ.N), vast customer base, the Wall Street Journal reported on Monday.
The partnership will allow some Verizon customers to earn bill credits by opening high-yield savings accounts with Santander’s new digital bank platform, the report added.
Santander will also consider other partnerships as it aims to become a full-service digital bank in the U.S., Ana Botín, Santander’s executive chair, told WSJ in an interview.
Santander and Verizon did not immediately respond to Reuters’ requests for a comment.
Last month, the Spanish bank announced various investments amounting to over $2 billion in Mexico over the next three years.
Reporting by Rajveer Singh Pardesi in Bengaluru; Editing by Alan Barona
