Updated: Oct 29, 2019
Ride-hailing firm Uber are set to offer financial services to its drivers in the form of Uber Money.
According to the Head of Uber Money, Peter Hazlehurst, the service will be working on delivering financial products and technologies provide ‘additional value’ for its drivers.
New features being provided by the new financial teams include:
Real-Time Earnings: Instead of waiting for weekly payments or cashing out through Instant Pay, drivers and couriers will have real-time access to their earnings after every trip through the Uber Debit account.
Uber Debit Account and Uber Debit Card: For drivers in the US, and expanding to more countries soon after, Uber are updating the no-monthly-fee Uber Debit Account, powered by Green Dot, to integrate into the Uber Driver app. The ride-hailing firm will also offer a refreshed Uber Debit Card launching with cash back on fuel starting at 3% and up to 6% for the highest tier of Uber Pro drivers.
Uber Wallet: 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.
Uber Credit Card: The US firm are also relaunching the Uber Credit Card in partnership with Barclays. Card members will now receive 5% back in Uber Cash from spending across the Uber platform, including Uber Rides, Uber Eats, and JUMP bikes and scooters.
Image credit: Uber