Uber is continuing its expansion into financial services by introducing Uber Money, a team within the company whose sole responsibility is to work on financial products and technologies that provide added value to the Uber community. Uber Money is currently overseeing credit and debit cards, digital wallets for riders, and more.
One of the newly announced features and improvements coming this year is real-time earnings for Uber drivers. This provides employees with real-time access to their earnings after each trip through their Uber Debit account. Furthermore, the refreshed Uber Debit Card is launching with cash back bonuses on gas, giving anywhere from three percent up to six percent for the highest tier of Uber Pro drivers.
Uber Wallet allows earners and spenders to conveniently track their earning and spending history, manage and move money, and discover new Uber financial products. Uber Wallet is scheduled to roll out in the Uber Driver app in the weeks ahead, followed by access in the Uber and Uber Eats apps as well.
Lastly, Uber is relaunching the Uber Credit Card in partnership with Barclays. Now, cardmembers will receive five percent back in Uber Cash when spending across the Uber platform. This includes Uber Rides, Uber Eats, JUMP bikes and scooters, and Uber Copter.
To learn more about Uber Money, follow here.
On this week's episode of The Dropcast, we are joined by studio with Mark Weston, the creative director of British luxury brand Dunhill.