CloudPay & Banco Santander bring on-demand pay to SMEs in Spain

By Gloria Methri

Payroll solutions expert CloudPay has partnered with Banco Santander to transform the employee payment experience through an on-demand pay feature. By leveraging CloudPay NOW, a digital Pay On-Demand solution, employees of Banco Santander’s business clients can access their earned wages anytime, anywhere, boosting financial flexibility and wellness.

By partnering with Banco Santander, CloudPay has helped open the doors of Pay On-Demand to businesses of all sizes across Spain. Santander’s SME customers can now offer a service typically accessible only to larger enterprises.

This initiative addresses a globally growing need for financial wellness solutions by providing employees with real-time access to their earned wages. With CloudPay NOW, employees gain the financial flexibility to handle unexpected expenses, promoting both mental and economic well-being and easing the stress associated with traditional monthly pay cycles.

As competition for skilled employees intensifies, offering Pay On-Demand helps organisations position themselves as forward-thinking and employee-centric, enhancing engagement, loyalty, and overall employer brand appeal.

Timo Weber, Chief Strategy Officer at CloudPay, said, “Our partnership with Banco Santander represents a major step forward in transforming the pay experience and providing employees with flexible, real-time access to their wages. CloudPay’s commitment to empowering individuals with tools that support financial stability and reduce the stress of monthly pay cycles is key. We’re proud to work with Banco Santander to make financial wellness an accessible reality for employees across Spain.”

Alberto Fernández Tomé, Head of New Revenue Streams & Partnerships at Banco Santander, said, “We are thrilled to partner with CloudPay to bring CloudPay NOW to employees across Spain, offering them an innovative way to manage their finances with greater flexibility. By providing instant access to earned wages, we’re enhancing the employee experience and supporting financial wellness for our clients’ workforces. This partnership enables us to give businesses of all sizes the tools to attract and retain talent while fostering a positive and financially empowered workplace culture.”