💨 Abstract

Spanish banking giant Santander has launched its digital bank, Openbank, in Mexico. The service includes a website and smartphone app, targeting the growing market of unbanked Mexicans and customers dissatisfied with traditional banks. Openbank offers a 12.5% annual savings account return, similar to other digital banks in Mexico. The bank aims to become a reference point for competitive digital banking products in the country. It plans to introduce more products and services in the near future.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖