Uber has launched a new division called Uber Money, which will provide financial products and services to Uber drivers and riders.<\/p>\n
Features which will be launched as part of the Uber Money platform include debit cards for drivers, an in-app wallet, and an improved credit card for riders.<\/p>\n
While Uber drivers and Uber Eats couriers previously had to wait for weekly payments or cash out their earnings by using Instant Pay, they will now have real-time access to their earnings through an Uber Debit Account.<\/p>\n
The company has also integrated this mobile bank account into the Uber Drive app.<\/p>\n
Uber Cards and Wallet<\/strong><\/p>\n Drivers in the US can also apply for a new Uber Debit Card, which will offer cash back on fuel purchases starting at 3% and reaching up to 6% for the highest tier of Uber drivers.<\/p>\n Uber plans to roll out the Uber Debit Card to more countries in the near future.<\/p>\n The Uber Wallet will allow drivers to keep track of their earnings and spending and give them the ability to manage and move their money.<\/p>\n This wallet feature will also be available for riders within the Uber and Uber Eats applications, allowing them to keep track of their spending from within the apps.<\/p>\n In addition to the changes for drivers, Uber is also relaunching its Uber Credit Card for riders in partnership with Barclays.<\/p>\n The changes made to the Uber Credit Card mean that cardholders will now receive 5% back in Uber Cash from spending on Uber rides and Uber Eats.<\/p>\n This is in addition to a number of other bonuses, including 3% cashback in Uber Cash on hotels, airfare, and restaurant purchases.<\/p>\n
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