Mastercard broadens its worldwide alliance with Uber to improve payment solutions for drivers, delivery workers, and consumers.
Uber and Mastercard have announced a deepened partnership that aims to create a seamless, trusted payment ecosystem benefiting over 8.5 million Uber earners and 170 million users worldwide. The partnership will leverage Mastercard's advanced payment technologies to provide instant, no-cost payouts for Uber drivers and couriers, enhance financial control, and offer unique benefits to Mastercard cardholders.
Instant, No-Cost Payments for Uber Drivers and Couriers
Uber drivers and couriers will now have instant access to their earnings at no cost after each trip or delivery. This speedy payout is made possible through Mastercard Move’s real-time disbursement technology, significantly reducing the wait time for payouts.
Financial Control and Payment Flexibility
The partnership also delivers enhanced financial control and payment flexibility through Mastercard One Credential, a single secure digital payment profile. This simplifies money management for drivers and couriers, providing them with a streamlined approach to their financial affairs.
Expansion of Uber Pro Card
The partnership expands the Uber Pro Card, a co-branded Mastercard offering cashback rewards, notably on gas purchases. The card, which is currently available in the US and Canada, is now being launched in markets beyond, starting with the United Kingdom.
Exclusive Benefits for Mastercard Cardholders
For Mastercard cardholders using Uber’s services globally, the partnership adds exclusive consumer benefits and value. These include access to Mastercard’s Offers Platform tailored to delivery and mobility purchases on Uber’s app.
Improved Payment Acceptance for Uber's Global Operations
Uber’s business operations are also supported by Mastercard Gateway, a global payment processing and fraud prevention system. This system enables fast, secure acceptance of diverse payment methods worldwide, ensuring smooth transactions for Uber's global customer base.
In summary, the deepened partnership between Uber and Mastercard aims to provide integrated, trusted, and seamless payment experiences for all parties involved.
Sherri Haymond, co-president of Global Partnerships at Mastercard, commented on the news, saying, "Our deepened partnership with Uber is a testament to our shared commitment to delivering innovative, seamless, and secure payment experiences for millions of people around the world."
Karl Hebert, vice president, Global Commerce, at Uber, also commented, "We're excited to partner with Mastercard to provide our driver-partners and riders with even more benefits and value, while also supporting Uber's growth through Mastercard's end-to-end payment solutions."
The partnership connects over 3.5 billion cards and more than 150 million merchants globally, benefiting businesses that rely on Uber, as well as consumers using the platform.
Uber drivers and couriers will benefit from instant, no-cost payouts, thanks to Mastercard's advanced technology, improving their financial control and providing a streamlined approach to their money management. This expanded partnership also offers unique benefits to Mastercard cardholders, such as access to tailored offers on the Uber app, adding value to their usage of Uber's services.
