Santander Bank has teamed up with DailyPay to provide its commercial banking clients in the US with an on-demand pay solution. This solution will enable users to access their earned wages in real-time and transfer them to an account of their choice at any point during the payroll process.
Facts
- Santander Bank has partnered with fintech firm DailyPay to offer an on-demand pay solution for its US commercial banking clients.
- DailyPay’s solution will allow users to transfer their earned wage to an account of their choice in real-time and at any time during the payroll process.
- Santander’s commercial banking clients will benefit from DailyPay’s on-demand pay solution.
- Clients are increasingly interested in digital products and services that will simplify their banking experience, help them manage their workforces and build their businesses.
- Providing transparency and access to earned pay through this offering with DailyPay will serve as an impactful tool for Santander’s business clients.
- DailyPay is a New York-based fintech firm that landed $260 million in funding in January to fuel its growth.
- The partnership is expected to provide both companies with the opportunity to increase their market share and enhance their position in the financial services industry.
