Santander has introduced its Openbank digital banking platform to Mexico, following its recent debut in the United States.
Mexican customers can now access Openbank’s digital services, which include debit and savings accounts with no minimum balance requirements or hidden fees. Customers can also utilize Santander Mexico’s network of 10,000 ATMs for free and benefit from 24/7 telephone support.
Openbank operates on a proprietary, cloud-based platform developed in-house by Santander, designed to integrate core banking systems with advanced customer and data management features. This technology enables account opening in as little as five minutes via the Openbank app or website.
Already established in Spain, Germany, Portugal, the Netherlands, and the U.S., Openbank represents a central pillar of Santander’s digital transformation strategy.
Matías Núñez, CEO of Openbank Mexico, highlighted the platform’s dual strengths: “Our proposition combines one of the most advanced digital banking experiences with the best fintech, not to mention the trust and backing of a large international financial group.”
Global CEO of Openbank, Petri Nikkila, emphasized the market potential: “Mexico is a market with great potential for a state-of-the-art digital bank like Openbank.”
Openbank’s entry into Mexico marks another milestone in Santander’s strategy to scale its innovative digital banking model across key global markets.