Santander Bank partners with DailyPay for on-demand pay solution

By Delisha Fernandes

Santander Bank has announced its partnership with global financial technology company DailyPay to provide an on-demand pay solution for its Commercial Banking clients in the USA.

DailyPay’s solution will allow Santander’s commercial banking customers to offer employees instant access to their pay as they earn it. Clients can send their earned wages to an account they choose in real-time during payroll.

Joe Abruzzo, head of commercial banking for Santander, said, “Users are more interested in digital products and services that will streamline their banking experience, assist them in managing their workforces and build their businesses.”

Abruzzo further added, with DailyPay services, offering access and transparency to earned pay through will be an important tool for our business customers who can now provide employees with an easy and convenient way to manage their finances.”

Santander Bank provides capital, treasury management, risk management, and international solutions. The company earns the loyalty of its commercial banking customers by providing financial solutions and insights that help them manage their operating needs, maximise their working capital, and grow their businesses domestically and internationally.

The partnership will allow Santander to grow its digital capabilities and provide flexible solutions based on clients’ requirements and emerging technologies.

As reported by IBS intelligence earlier this year the Austria-based arm of the bank had partnered with Pelican.ai to use its intelligent payments processing solution to process Target2, domestic SEPA payments, and cross-border SWIFT payments on the Pelican cloud.