Banco Santander today announced it will invest £33 million to acquire ca. 5% in Monitise -- a world-leading mobile money business -- to accelerate the development of the company's new technology platform. Through this partnership, Santander also expects to develop its own capabilities with one of the most innovative digital technology companies, as it seeks to become the bank of choice for its customers who chose to interact with the bank on digital platforms

1. Santander announces its £33 million investment in
Monitise’s global platform to drive growth in
Mobile Money ecosystem
 Santander Innoventures (Fin-Tech) fund reflects commitment to innovative global
Madrid/London, November 27, 2014 - Banco Santander today announced it will invest £33
million to acquire ca. 5% in Monitise -- a world-leading mobile money business -- to accelerate
the development of the company's new technology platform. Through this partnership,
Santander also expects to develop its own capabilities with one of the most innovative digital
technology companies, as it seeks to become the bank of choice for its customers who chose
to interact with the bank on digital platforms. This is a major step in the development of the
fintech strategy of Santander, and will be managed in the context of the Santander
Innoventures fund initiative, announced in July this year.
The collaboration currently being discussed includes an accelerated pipeline of opportunities,
leveraging Santander’s expertise and scale and Monitise’s technology to build new Mobile
Money capabilities for Santander's global customer base. Santander, the largest bank in the
Eurozone by market capitalization has over 107 million customers across ten main markets in
Europe and the Americas.
Monitise also announced a deepening collaboration with IBM that will include the deployment
of Watson, IBM’s cognitive computing engine, to support Monitise’s new technology platform.
In addition, Telefónica will become an investor and strategic partner and MasterCard has
reconfirmed its strategic partnership relationship through a follow-on investment.
Ana Botín, Santander Group Executive Chairman, said: "With this investment, Santander will
become part of a network of trusted partners who will work together to address our customers'
needs whenever, however and wherever they chose to bank with us. Our aspiration is to be
the best global retail and commercial bank; and we are working to give simple, personal and
fair service to all of our clients.
“Clearly a digital offer is key to this strategic vision of our bank, and this investment, coupled
with the exciting opportunities we see through the Santander Innoventures Fund to enhance
further what we can offer our customers, provides an excellent base from which to build a
global digital offering.”
As strategic partners, Santander and Telefónica will have the right, acting jointly, to nominate
a single Non-Executive Director to be appointed to the Monitise Board.
Monitise co-CEO Alastair Lukies said: “The Mobile Money industry is now a global
phenomenon. In developed markets it is fundamentally changing the way we bank, pay and
buy. In emerging markets it is the foundation of new economic systems. There are two clear
1
Press Release
mobile banking propositions.
Comunicación Externa
Ciudad Grupo Santander Edificio Arrecife Pl. 2
28660 Boadilla del Monte (Madrid) Telf.: 34 91 289 52 11
email: comunicacion@gruposantander.com

2. and distinct approaches appearing in this industry: disruptors looking for control and
collaborators working together to share in a very big and sustainable opportunity. With our
partners, we are delighted to be playing our role as an enabler to the Mobile Money
collaborators. Via deepening partnerships, our increasingly connected mobile commerce
services can become even smarter and more engaging for the businesses we work with.”
For further detail, see ***Monitise partnership RNS***
2
Comunicación Externa
Ciudad Grupo Santander Edificio Arrecife Pl. 2
28660 Boadilla del Monte (Madrid) Telf.: 34 91 289 52 11
email: comunicacion@gruposantander.com
Ends
About Santander:
Banco Santander (SAN.MC, STD.N, BNC.LN) is a retail and commercial bank, based in
Spain, with a presence in 10 main markets and is the largest bank in the euro zone by market
capitalization. Founded in 1857, it has 3,229,672 shareholders and 183,534 employees
serving 107 million customers through 13,067 branches. It is the largest financial group in
Spain and Latin America. It also has significant positions in the United Kingdom, Portugal,
Germany, Poland and the northeast United States. In the first nine months of 2014,
Santander registered EUR 4.361 billion in attributable profit, an increase of 32% from the
same period of the previous year.
About the Santander Innoventures Fund:
The Santander Innoventures Fund (formerly the Fintech Fund) was launched in July 2014.
Based in London, but with a global remit, the Fund builds on the bank’s philosophy of
collaboration and partnership with small and start-up companies. The Fund provides Fin-Tech
companies with much needed finance, as well as supporting the digital revolution to ensure
Santander’s customers world-wide benefit from the latest know-how and innovations across
the Banking Group’s Geographies.
The Fund is 100 per cent owned by Santander UK, but is a self-standing, specialised,
organisation, fully dedicated to the remit of supporting Fin-Tech companies worldwide. The
primary focus is on:
 Digital Delivery of Financial Services – aimed at reinforcing distribution and the overall
customer experience in the new digital environment’
 E-commerce and Payments ventures;
 Online lending – Ventures using new data sources to provide better access to credit,
including crowd and social funding;
 E-Financial investments – online systems to distribute financial investment products with
self-service and planning capabilities organised around the lifecycle; and,
 Big Data Analytics – platforms to leverage financial and not financial information to
provide better services to our customers