According to MobilePaymentsToday.com, Santander said the deal is part of a strategy it announced in 2019 to accelerate growth in global payments, including the creation of a global merchant acquiring business.
Elavon Mexico operates as part of a strategic partnership with Banco Sandander Mexico. The alliance ranks second in the Mexican merchant services market, with 140,000 active customers and 250,000 card payment terminals.
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