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Santander Bank Partners With Correos to Provide Basic Financial Services in Spain

Santander Bank Partners With Correos to Provide Basic Financial Services in Spain

Santander Bank recently announced it has signed a deal with Correos to provide services in Spain. The agreement will allow the banking group to provide services at a total of 4,675 Correos offices from the first quarter of 2021, with Santander’s basic financial services reaching an additional 1,500 municipalities through Correos.

“Bank customers will be able to withdraw and deposit cash at Correos offices, and postal workers will be able to deliver money to any address in Spain. Transactions will be free for Santander customers at Correos offices in areas where the bank is not present.”

Rami Aboukhair, the CEO of Santander Spain, spoke about the partnership by stating:

This deal is another step towards the financial inclusion of thousands who live in towns and villages where the bank does not have a branch or ATM. Starting next year, the digital banking services they can acess will also include cash deposits and withdrawals as well as cash delivery by post to addresses anywhere in Spain.”

Santander now has more than 5.1 million digital customers in Spain who connect to its app and website more than 22 times a month. The banking group further revealed that 65% of its active customers are digital. Since the state of emergency caused by COVID-19, the bank’s digital channels have played a key role in ensuring normal operations.

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Spain unveils economic recovery plan amid pandemic

Spain unveils economic recovery plan amid pandemic

Spain’s prime minister has unveiled a major plan to boost his country out of recession by spending 140 billion euros ($162 billion) of European Union funds to reshape the economy

LISBON, Portugal — Spain’s prime minister unveiled a major plan Wednesday to boost his country out of recession by spending 140 billion euros ($162 billion) of European Union aid to reshape the economy, with the aim of creating 800,000 jobs over the next three years.

“We have to turn this heavy blow into an opportunity,” Prime Minister Pedro Sánchez said, referring to the pandemic’s far-reaching effects on society and the economy. “This is the challenge of our generation.”

Spain is the latest EU country to say how it intends to use the bloc’s 750-billion-euro coronavirus recovery fund, approved last July and designed to help the world’s biggest trading bloc exit its deepest-ever recession.

France last month unveiled a 100 billion-euro ($116 billion) plan called “France Reboot,” that includes 40 billion euros ($46 billion) from the EU recovery plan.

Germany has a 130 billion euro stimulus package for 2020 and 2021, to be spent on infrastructure, digitalization and green energy projects such as electric vehicles. Italy is sketching a roadmap along similar lines to Spain, dubbing it

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