Drivers and delivery people on Uber to get free, instant access to earnings; up to 4% cashback on gas, up to 8% cashback on EV charging, and other enhanced loyalty features.
Uber announced a new partnership with Mastercard and Payfare to launch the Uber Pro Card, providing free instant payouts after every trip or delivery1 and enhanced loyalty features for drivers and delivery people on the Uber platform in Canada, powered by Payfare’s leading digital banking app and platform. Built specifically for the needs of drivers and delivery people, the Uber Pro Card offers exclusive cash back rewards helping to save up to 4% on gas2, up to 8% on electric vehicle charging3, and other everyday expenses.
“At Uber, we look to support drivers and delivery people with flexible options to access their earnings,” said Michael van Hemmen, General Manager of Mobility for Uber Canada. “Through our partnership with Mastercard and Payfare, the new Uber Pro Card will enable drivers and delivery people to make the most of their earnings through exclusive cashback rewards.”
Read More about Fintech :Â What Are The Fintech Lending Benefits?
Qualifying cardholders will also be eligible for the Backup Balance4 feature, enabling drivers and delivery people to access up to $50 when they need it most.
“App-based workers, including drivers and delivery people on Uber, play an integral part in our economy and they require flexible financial products to meet their unique needs,” said Balinder Ahluwalia, Senior Vice President Market Development, Mastercard in Canada. “Through this partnership with Uber and Payfare, we are enabling app-based workers to scale their business by providing them with cash flow when they need it most.”
The Uber Pro Card will be available via mobile wallets and enables seamless contactless payments, so drivers and delivery people can begin spending immediately. They can track earnings, transfer funds, earn rewards, and manage savings all through the Uber Pro Card app.
“Uber is our longest tenured app-based platform partner and we are pleased to expand our partnership with the all new Uber Pro Card in Canada,” said Marco Margiotta, CEO and Founding Partner of Payfare. “Free instant access to earnings and tailored incentives for gig workers help our cardholders every day while also benefiting our app-based platform partners with increased engagement of drivers and delivery people.”
The Uber Pro Card is a Mastercard Business Prepaid Card which can be used at all Mastercard acceptance points, offering flexibility. The card also provides built-in tools and benefits to help drivers and delivery people better manage cash flow, keep records, and safeguard their devices. This includes access to Mastercard Easy Savings, a rebate program to reward small business owners when they spend, Easy Savings Specials, providing offers for business essentials, and other benefits. The Uber Pro Card is separate from the Uber Plus Card that delivery people can use for shop and pay trips.
 Latest Fintech Insights : How Does Fintech Makes Money?
 [To share your insights with us, please write to pghosh@itechseries.com ]Â
