In 2014 the bank has launched an innovation fund called InnoVentures, aiming to invest in a range of digital technologies. One Pay FX was one of the services developed within this fund, with Ripple’s assistance, aiming to support international payments for Santander’s over 146 million retail and commercial customers around the world.
Santander launched One Pay FX in the UK, Poland, Brazil, and Spain. According to the official press release, cheap transaction fees and fast settlement speeds along with the enhanced transparency around every payment generated very positive customer feedback. At the moment, One Pay FX is live in six countries and payments can be sent to two dozen countries, including all the euro zone.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.