November 26, 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.

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