# Santander Uruguay

> Source: https://docs.barcoder.ai/docs/wallets/banco-santander-uruguay
> research date 2026-05-31 · extracted at 2026-10-07
> Publisher: Barcoder — encyclopedia of QR, barcode and payment-code standards

Specifications:
- [Santander Uruguay — official](https://www.santander.com.uy/)

## Overview

**Santander Uruguay** is **Banco Santander Spain BME: SAN + NYSE: SAN Uruguayan subsidiary** + **Uruguayan commercial bank** + **one of Uruguay's largest private commercial banks post-Aug 2024 Scotiabank Uruguay ~$120M+ acquisition consolidation** <sup>[1][1], [Uruguay report](https://docs.barcoder.ai/docs/payments/UY)</sup>.

## History

**1981 — Banco Santander Spain enters Uruguay**.

**2014 — Santander Uruguay mobile banking app launch**.

**Aug 2024 — Banco Santander Uruguay acquires Scotiabank Uruguay for ~$120M+** distinctive Uruguayan banking acquisition + consolidation.

## Ownership & operator

**Operating entity**: **Banco Santander Uruguay** (Uruguayan commercial bank; Banco Santander Spain subsidiary).

**Major shareholders**: **Banco Santander Spain (BME: SAN + NYSE: SAN; Spanish global banking group; ~165M+ customers globally) fully owned**.

**Regulators**: **BCU + SSF Uruguay**.

## Technical integration

Santander Uruguay mobile app (iOS + Android) + santander.com.uy online + Santander Uruguay branch network across Uruguay + Santander Uruguay Visa + Mastercard cards; UY IBAN + BROU Pay.

## Implementations & partners

**Banco Santander parent**: [Banco Santander (Spain parent)](https://docs.barcoder.ai/docs/wallets/santander-spain) (Banco Santander Spain; BME: SAN + NYSE: SAN; Spanish global banking group).

**Major Uruguayan banking + payments competitors**: [BROU (Banco República Uruguay)](https://docs.barcoder.ai/docs/wallets/brou-uruguay) (Banco República BROU Uruguay; Uruguayan federal commercial bank; Uruguay's largest commercial bank by assets) + [Banco Itaú Uruguay](https://docs.barcoder.ai/docs/wallets/banco-itau-uruguay) (Itaú Uruguay; Itaú Unibanco Brazilian parent Uruguayan subsidiary) + BBVA Uruguay (BBVA Uruguay; BBVA Spain Uruguayan subsidiary) + HSBC Uruguay (HSBC Uruguay; HSBC Holdings UK Uruguayan subsidiary) + Banco Bandes Uruguay (Banco Bandes Uruguay; Bancoex Venezuelan parent Uruguayan subsidiary) + Banco Heritage (Banco Heritage Uruguay; Uruguayan commercial bank).

**Regulators**: BCU + SSF Uruguay.

## Status

**Active, Banco Santander Spain BME:SAN + NYSE:SAN Uruguayan subsidiary + Uruguayan commercial bank + one of Uruguay's largest private commercial banks post-Aug 2024 Scotiabank Uruguay ~$120M+ acquisition + consolidation** <sup>[1][1], [2][2]</sup>.

## Sources

[1]: https://www.santander.com.uy/ "Santander Uruguay — official"
[2]: https://es.wikipedia.org/wiki/Banco_Santander_Uruguay "Santander Uruguay — Wikipedia"
[uy-cro]: https://docs.barcoder.ai/docs/payments/UY

- [1] [Santander Uruguay — official][1]
- [2] [Santander Uruguay — Wikipedia][2]
- <sup>[Uruguay report](https://docs.barcoder.ai/docs/payments/UY)</sup> In-corpus: `reports/countries/UY-uruguay.md`

## Source

Biography extracted from [banco-santander-uruguay.md](https://docs.barcoder.ai/source/wallets/banco-santander-uruguay). See `matrix.md` for standards-support matrix if present.