The tie-up between Santander and DailyPay allows clients’ employees to access their pay on demand.

Santander Bank, N.A. (BME: SAN) has partnered with DailyPay, Inc., a global financial technology company, to offer an on-demand pay benefit to its Commercial Banking clients in the United States. Through this collaboration, Santander’s Commercial Banking clients can allow their employees to access their earned pay instantly using DailyPay. The earned pay can be transferred to the employee’s preferred account and can be used in real-time during the payroll process.

According to Joe Abruzzo, Head of Commercial Banking for Santander, customers have shown a growing interest in digital products and services that make their banking experience more straightforward, aid in managing their workforce, and enhance their business growth.

The partnership with DailyPay provides transparency and access to earned pay, and empowers the bank’s business clients to provide their employees with an effortless and user-friendly method to handle their financial matters.

This partnership represents another step in Santander’s commitment to expand its digital capabilities and provide flexible solutions based on clients’ needs and emerging technologies.

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Image by Gerd Altmann from Pixabay