# #Fintech in the news 28 October 2026 at 17:44 > Monzo launches personal and business accounts in Spain · Bizum payments reach 1.6m Spanish retail points · Santander begins tech unit workforce cuts [Monzo launches personal and business accounts in Spain]() *28 October 2026 at 17:44* - British neobank Monzo expands to Spain with 4% interest rates and Bizum integration, marking its latest European growth under Francisco Sierra. [Bizum payments reach 1.6m Spanish retail points]() *22 September 2026 at 09:27* - Over 75% of Spain's bank terminals now accept face-to-face Bizum payments as the service expands to 20 million active users nationwide. [Santander begins tech unit workforce cuts]() *18 September 2026 at 10:45* - Banco Santander initiates restructuring at SDS and Gravity subsidiaries following the completion of its global cloud platform migration.