[Spain] CloudPay and Santander earned-wage access and financial wellness partnership

CloudPay has announced a new partnership in Spain with Banco Santander, one of the country’s largest banks, to evolve the employee pay experience through on-demand pay, Fintech Finance News reports.

CloudPay NOW - CloudPay’s digital Pay On-Demand solution - will allow employees of Banco Santander’s SMEs and companies to access their earned wages anytime, anywhere, prioritising financial flexibility and wellness.

Through its partnership with Banco Santander, CloudPay can bring Pay On-Demand to businesses of all sizes across Spain and Santander’s SME customers can now offer a service typically accessible only to larger enterprises.

A recent CloudPay survey reportedly found that 44 per cent of employees believed having access to Pay On-Demand would increase their loyalty to the company. CloudPay NOW allows employees the financial flexibility to handle unexpected expenses, promoting mental and financial wellbeing and reducing the stress associated with traditional monthly pay cycles.

The battle to attract and retain talent is ongoing. Through Pay On-Demand organisations can 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’re 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

Source: Fintech Finance News

(Quotes via original reporting)

CloudPay has announced a new partnership in Spain with Banco Santander, one of the country’s largest banks, to evolve the employee pay experience through on-demand pay, Fintech Finance News reports.

CloudPay NOW - CloudPay’s digital Pay On-Demand solution - will allow employees of Banco Santander’s SMEs and companies to access their earned wages anytime, anywhere, prioritising financial flexibility and wellness.

Through its partnership with Banco Santander, CloudPay can bring Pay On-Demand to businesses of all sizes across Spain and Santander’s SME customers can now offer a service typically accessible only to larger enterprises.

A recent CloudPay survey reportedly found that 44 per cent of employees believed having access to Pay On-Demand would increase their loyalty to the company. CloudPay NOW allows employees the financial flexibility to handle unexpected expenses, promoting mental and financial wellbeing and reducing the stress associated with traditional monthly pay cycles.

The battle to attract and retain talent is ongoing. Through Pay On-Demand organisations can 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’re 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

Source: Fintech Finance News

(Quotes via original reporting)