August 14, 2020 All Things Fintech in Africa

Uber Launches a Financial Product Known as Uber Money

 

Uber, the ride company has announced a new expansion into a financial product which includes a digital wallet and upgraded debit and credit cards.  The company is making a huge transition into financial services with uber money.  The expansion is Uber’s efforts to give its 4 million-plus drivers and couriers around the world access to a mobile bank account so they can get paid after each ride.

In a statement by Peter Hazelehurst, the head of the new division: “We wanted to help everybody understand that there’s a new part of Uber that’s focused on financial  services  and that has a mission of giving people access to the type of financial services they were excluded from.”

About Uber Money

Uber Money is a financial product that allows users access to uber debit card, Uber wallet, Uber Cash, and Uber pay.

    • Uber Wallet lets earners and spenders track their earnings and spending history, manage and move their money, and discover new uber financial product all in one place.
    • Uber Debit Card allows eligible drivers to earn after every trip and grow their money with real time cash savings.
    • With Uber Cash, you can spend less and make payments across all products. Uber cash lets you save up to 5%. You can plan ahead and prepay for any upcoming uber purchases.
  • Uber Pay lets users integrate seamlessly and enable new payments methods on Uber and grow your transaction
  • volume.

Banner
Related Posts

Ghana Launch a Contactless Payment System Curb the Spread of COVID

March 30, 2020

March 30, 2020

  The Vice President of Ghana, Dr. Mahamudu Bawumia has launched a contactless payment system to encourage the adoption of...

PayStack Introduces USD Payouts into Zenith Banks  

December 11, 2019

December 11, 2019 1

Table Of ContentsIntroduction: What’s USDHow Paystack USD settlements works?  Introduction:  PayStack introduced USD settlements which allow Paystack merchants to list...

Five Online Payment Platforms in Nigeria and How to Use Them

April 5, 2019

April 5, 2019 3

Table Of ContentsIntroduction: What’s USDHow Paystack USD settlements works?I would be writing on Five Online Payment Platforms in Nigeria and...

MTN in a Partnership with Ericsson has launched an Open API platform in Ghana

October 24, 2019

October 24, 2019

  Introduction MTN mobile money fondly known as MOMO has expanded to Ghana. The open API platform launched is to...

Paga, Nigeria’s Mobile Money Operator Crosses 1.5 Trillion Naira in Transaction

August 12, 2019

August 12, 2019 1

Paga, Nigeria’s Mobile Money Operator Crosses 1.5 Trillion Naira in Transaction Value Earlier today, the CEO of Paga, Nigeria’s foremost...

FlutterWave Partner with AliPay to Foster Payments between Africa and China

August 7, 2019

August 7, 2019 1

FlutterWave, a Lagos-based fintech, has partnered with AliPay, a Chinese e-payment solution to foster digital payments between Africa and China....

PayPal Introduces Invoice API for Online Sellers

August 16, 2019

August 16, 2019

Introduction:                                                                                    Paypal have be able to identify the challenges most small and medium businesses face from: cash flow management,...

Paypal Launches Xoom in the African market

August 25, 2019

August 25, 2019

  PayPal in 2015 brought xoom, a money transfer company which now serves 33 African countries from about 30 European...

MTN Mobile Money Wallet Users Can Transfer through Western Union Directly

November 1, 2019

November 1, 2019

Cross-border transfer has been made easy with the new launch of western union on MTN mobile money wallet.  In this...

Verifyme Secures a Series A Funding from Consonance Investment Manager

January 31, 2020

January 31, 2020

VerifyMe Nigeria, an ID verification and KYC technology company,  has secured a Series A financing for an undisclosed amount from...

Zazu Raises $1.4m in an attempt to expand their user base

December 11, 2019

December 11, 2019 1

  Zazu fully started as a digital banking space in 2107.  Previously, Zazu was a platform where farms could connect...

Chipper -Cash Expands to Nigeria

October 22, 2019

October 22, 2019

  Introduction:  Chipper-cash, the n0-fee, cross border payment startup has expanded to Nigeria.  It is based in San Francisco, with...

WorldRemit Goes to a Partnership with AliPay

February 1, 2020

February 1, 2020

WorldRemit Goes to a Partnership with AliPay On January 22, Alipay entered a new partnership with  WorldRemit, a online remittances...

Nigeria’s Paga Acquires Apposit

February 1, 2020

February 1, 2020

Paga is a multi-channel platform for users to transfer money, pay-bills, and buy things digitally. The company has 14 million...

Online Payments Spike up in South Africa After COVID Lockdown

April 1, 2020

April 1, 2020

On Thursday March 25th, President Cyril Ramaphosa announced a 3-week lockdown , to curb the spread.  However, online payments have...

Comments
Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.