Santander taps DailyPay to offer on-demand pay services
Santander Bank has partnered with fintech firm DailyPay to offer an on-demand pay solution for its US commercial banking clients.
Santander partners DailyPay for on-demand pay solution
DailyPay’s solution will enable Santander’s commercial banking clients to provide employees with immediate access to their pay as they earn it. Users will be able to transfer their earned wage to an account of their choice in real time, and at any time during the payroll process.
“Clients are increasingly interested in digital products and services that will simplify their banking experience, help them manage their workforces and build their businesses,” says Joe Abruzzo, head of commercial banking for Santander.
“Providing transparency and access to earned pay through this offering with DailyPay will serve as an impactful tool for our business clients who can now offer employees a simple and convenient way to manage their finances.”
Founded in 2016, DailyPay is headquartered in New York City. In January, it landed $260 million in funding in a bid to fuel its growth.
