Ride-hailing app Uber has partnered with payments giant Mastercard, card issuing platform Marqeta and workforce payments platform Branch to help drivers and couriers save on fuel, fees and other expenses.
Expanding the Uber Pro driver loyalty programme, the Uber Pro Card offers Uber drivers and couriers up to 10 per cent cashback on gas purchases along with other exclusive perks and rewards.
The card also comes with a business checking account powered by Branch. Drivers and couriers that sign up for the card can have their earnings automatically deposited into their Uber Pro Card account after every trip for free.
It is available via mobile wallets and enables seamless contactless payments, so drivers and couriers can begin spending immediately.
Andrew Macdonald, senior vice president, mobility & business operations at Uber, said: “The new Uber Pro Card will allow drivers and couriers take home more of what they earn.”
While Branch founder & CEO Atif Siddiqi commented: “In today’s hyper-competitive labour market, Uber recognised the need to provide a dynamic, real-time payments experience that engages workers and drives greater loyalty.
“We’re incredibly excited to partner with Uber, Marqeta and Mastercard to create a modern banking solution that not only empowers drivers and couriers with greater flexibility, speed and support but also meets their unique business needs – from free, fast access to their earnings after every trip to extensive cash back rewards.”
The card
The Uber Pro Card will also offer Stride, a portable benefits platform designed for independent workers, enabling drivers and couriers to access simple, affordable coverage plans – from health to dental to vision.
It also offers built-in tools and benefits to help drivers and couriers better manage cash flow, record keeping and safeguard their devices. This includes access to Mastercard Easy Savings, a rebate program to reward small business owners when they spend, and Mastercard Receipt Management.
Sherri Haymond, executive vice president, digital partnerships at Mastercard, says: “Drivers and couriers are critical to our economy, and it’s imperative that they have the financial tools and resources that make their lives easier. Bringing this new offering together in partnership with Uber, Marqeta and Branch, we’ll be able to arm this segment with a dynamic and tailored product that not only meets their needs but exceeds their expectations.”
Image and article originally from thefintechtimes.com. Read the original article here.