Santander Corporate and Commercial has appointed cross-border payments provider EQ Global to strengthen the bank’s international payments offering.

Through the new partnership, Santander business customers will be able to make payments in 100 currencies to more than 120 countries worldwide. Furthermore, the deal will increase the speed and efficiency at which international payments can be made by customers.

Michael Vallance, managing director and head of transaction banking at Santander, said: “A critical part of our product development and innovation strategy, is helping our clients make payments in different currencies and the accompanying reporting and reconciliation activities.

“The new international payments proposition developed in partnership with EQ Global allows us to extend our range of international payment currencies to market leading levels, giving our clients much greater choice in which currencies they are able to make payments, and providing strong levels of operational efficiency, cost competitiveness and improved reconciliation.”

Nick Pedersen, managing director of EQ Global, added: “With our partnership now in place, Santander will have an improved corporate customer experience that will hopefully bring about commercial benefits both in the short and long term, as well as ensuring its clients have an even more comprehensive and efficient cross-border payments process.”

Following a trial in January, the bank aims to go fully live with the platform in February 2018.

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