The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
SÃO PAULO, Brazil — Banco Santander Brasil has partnered with Natura Cosmetics to offer banking services to the cosmetics maker's sellers, according to a securities filing on Wednesday.
The company said Santander will offer digital checking accounts to the 1 million sellers of the cosmetics through a Natura online app, as well as debit and credit cards, card reader machines and a system of micro-loans.
In January, Banco Santander Brasil chief executive Sergio Rial had said the bank was developing a partnership with Natura, without providing details on the deal.
By Gabriela Mello and Carolina Mandl; editor: Jeffrey Benkoe.
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