The partnership will enable Apple’s customers in the country to access a range of financing options, including split payments of up to 36 months, or deferred payments of up to 30 days, when purchasing goods through its physical or online stores.
To access the service, Apple customers will be required to provide their phone number and date of birth, which will trigger a validation process Santander claims takes “just a few seconds”.
The bank says the deal is due to take effect “in the next few months”, after which it will seek to advance the platform throughout Germany, as well as in “different European countries”.
