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Santander UK to issue MasterCard debit cards

May 4, 2018

MasterCard and Santander have announced that they will work together to issue MasterCard debit cards to the bank's current retail account customers. Customers will begin to receive cards early next year, as part of a four-year reissuing program and an eight-year agreement with MasterCard.

More than 9 million U.K. debit cards in circulation are linked to Santander accounts, according to a press release. Santander will continue to issue MasterCard credit cards across their range of portfolios, including All in One, Zero and World Elite propositions.

The partnership will leverage MasterCard's digital payments expertise, fraud analytics and solutions, and will offer cardholders the convenience of the company's global acceptance network, the release said.

"We are delighted to be extending our existing credit card relationship with MasterCard into debit cards," Matt Hall, Santander U.K. director of banking and unsecured credit, said in the press release. "We believe that this partnership will enable us to give better payment solutions to our customers and look forward to rolling out the new cards from next year."