Mastercard extends payment collaboration with Uber
Mastercard has extended its partnership with Uber, focusing on improving payment solutions for drivers, couriers, and Mastercard users on the Uber platform.
As part of this collaboration, Uber will utilise a variety of Mastercard products and services, including Mastercard Move for real-time disbursements, Mastercard One Credential to streamline the payment experience, and Mastercard Gateway capabilities for collections, to bolster its business operations.
The Uber Pro Card, which Mastercard currently supports in the US and Canada, has been renewed in those markets and will see an expansion into new regions, including the UK.
This card enables Uber drivers and couriers to receive instant payments at no cost after each trip or delivery, along with benefits such as leading cash-back rewards on fuel purchases, according to Mastercard.
Mastercard co-president of Global Partnerships Sherri Haymond said: “This partnership connects over 3.5 billion cards and more than 150 million merchants that accept Mastercard globally together with Uber’s community of over 8.5 million earners and 170 million users worldwide.
“By leveraging Mastercard’s end-to-end payment solutions, this deepened work will provide integrated, trusted and seamless payment experiences for Uber’s workers, small business owners, and consumers while also supporting Uber’s growth.”
In conjunction with this expansion, the Uber Pro Card will also enhance payment experiences by incorporating Mastercard One Credential, a single digitally connected credential that provides greater payment options.
Additionally, Uber’s global customer base will gain access to Mastercard’s consumer payment products and services, including its Offers Platform, which will introduce unique benefits and added value for Mastercard cardholders purchasing delivery and mobility services on Uber’s platform.
Mastercard Gateway, the company’s global processing and fraud prevention solution, will also be employed to enable Uber to accept a diverse range of digital transactions swiftly and securely.
Uber vice president of Global Commerce Karl Hebert said: “We could not be more excited to be deepening our relationship with a similarly forward-thinking and innovative business like Mastercard.
“At the heart of this partnership is a desire to grow benefits for all our mutual customers, be it the businesses that rely on Uber to earn each day, or those using the platform to Go Anywhere and Get Anything.”
“Mastercard extends payment collaboration with Uber” was originally created and published by Electronic Payments International, a GlobalData owned brand.
