Ridesharing company Uber has introduced Uber Money, a financial product and technology that aims to deliver additional value for the Uber ecosystem.
Uber Money will allow real-time earnings for drivers and couriers after every trip through the Uber Debit account.
Uber announced that the financial services product will test a few features in the US before expanding to other markets globally.
“For drivers in the US, and expanding to more countries soon after, we are updating the no-monthly-fee Uber Debit Account, powered by Green Dot, to integrate seamlessly into the Uber Driver app. We also want to make every dollar earned on Uber go further, which is why the refreshed Uber Debit Card will launch with cashback on gas starting at 3% and up to 6% for the highest tier of Uber Pro drivers,” said Peter Hazlehurst, Head of Uber Money.
With Uber Wallet, earners and spenders will now be able to easily track their earning and spending history, manage and move their money, and discover new Uber financial products all in one place.
The Uber Wallet will start rolling out in the Uber Driver app in the coming weeks, and will soon start rolling out in the Uber and Uber Eats apps as well.
At the same time, Uber Credit Card has been relaunched in partnership with Barclays. Cardmembers will now receive 5% back in Uber Cash from spending across the Uber platform, including Uber Rides, Uber Eats, and JUMP bikes and scooters.