SAO PAULO (Reuters) - Banco Santander Brasil SA has partnered with Natura Cosmeticos SA 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 microloans.
In January Banco Santander Brasil Chief Executive Officer Sergio Rial had said the bank was developing a partnership with Natura, without providing details on the deal.
(Reporting by Gabriela Mello; Writing by Carolina Mandl; Editing by Jeffrey Benkoe)
