Log in
Show password
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 
  1. Homepage
  2. Equities
  3. Spain
  4. Bolsas y Mercados Espanoles
  5. Banco Santander, S.A.
  6. News
  7. Summary
    SAN   ES0113900J37


SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Banco Santander S A : Santander Brazil launches exclusive credit card for microentrepreneurs

11/08/2021 EST

One of the aims of the new product is to help customers to organise their finances, which normally get mixed up with their personal budget.

The card is being launched in response to demand from microentrepreneurs looking for an alternative to organise their business expenses including but not limited to buying stock, food payments, and transport costs, without these getting mixed up with their personal expenses.

"Our aim is to demonstrate that it is possible to separate your budgets and start thinking more like a company. The Santander MEI card offers discounts on business-related purchases, in addition to allocating the customer to the correct segment, providing access to financial services oriented at companies", explains Rogério Panca, head of Cards at Santander.

One of the stand-out features of the product is that it offers discounts on the purchase of materials and supplies. The bank has signed partnership agreements with major wholesalers to offer discounts on purchases made with the card and no card fee is charged to holders who spend at least R$100 per month. The first partnerships, like those with Sam's Club, Sumirê and Via Varejo, were chosen as they form part of segments in which microentrepreneurs are most active in Brazil, including but not limited to beauty salons, accessory or clothes shops, home improvement services, bars, cafeterias and restaurants. Furthermore, discounts are available on computer products and professional training courses. On the Esfera website (www.shoppingesfera.com.vc), customers can obtain cashback of up to 10% and enjoy other promotions with more than 40 partner stores.

The new card is aimed at "MEI" companies (individual microentrepreneurs) and entitles holders to an additional two cards. The card limit can be managed via the bank's app and reassessed depending on the customer's relationship with the bank and whether they make timely repayments.


Banco Santander SA published this content on 08 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 November 2021 17:22:10 UTC.

© Publicnow 2021
All news about BANCO SANTANDER, S.A.
01:21aSantander rolls out new BNPL platform to take on fintech firms
01/26ADRs Close Mostly Lower; Harmony Gold Mining Traded Actively
01/26BANCO SANTANDER S A : Santander, world's first bank in Bloomberg Gender-Equality Index 202..
01/26Banco Santander to Roll Out Zinia Platform Across its Markets
01/26BANCO SANTANDER S A : Santander launches Zinia, its new buy now, pay later service
01/26Spain's Santander launches buy now, pay later platform across its markets
01/24Brazil's sliding stock market makes M&A targets
01/24Early redemption notice
01/21Santander's US Unit Extends Tender Offer for Remaining Shares of Santander Consumer USA..
01/21Early Redemption Notice Series 1137
More news
Analyst Recommendations on BANCO SANTANDER, S.A.
More recommendations
Sales 2021 46 217 M 51 865 M 51 865 M
Net income 2021 7 854 M 8 814 M 8 814 M
Net Debt 2021 - - -
P/E ratio 2021 6,84x
Yield 2021 3,98%
Capitalization 53 526 M 60 393 M 60 067 M
Capi. / Sales 2021 1,16x
Capi. / Sales 2022 1,12x
Nbr of Employees 193 303
Free-Float -
Duration : Period :
Banco Santander, S.A. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends BANCO SANTANDER, S.A.
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 24
Last Close Price 3,14 €
Average target price 3,90 €
Spread / Average Target 24,3%
EPS Revisions
Managers and Directors
José Antonio Álvarez Álvarez Vice Chairman & Chief Executive Officer
José Antonio García Cantera Chief Financial Officer & Senior Vice President
Ana Patricia Botín-Sanz de Sautuola O'Shea Executive Chairman
Dirk Ludwig Marzluf Chief Operating & Technical Officer
Marjolein van Hellemondt-Gerdingh Group Chief Compliance Officer
Sector and Competitors