Categories: Business

Uber groups up with Marqeta, Mastercard to supply drivers quicker funds, gasoline rewards

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Cristi Croitoru/iStock Editorial through Getty Pictures

Uber Applied sciences (NYSE:UBER) has partnered with Marqeta (NASDAQ:MQ), Mastercard (NYSE:MA) and workforce funds platform Department on Thursday to supply Uber drivers quicker payouts in addition to rewards on fueling.

In increasing the Uber Professional driver loyalty program, the brand new Uber Professional Card will assist drivers and couriers save on fuel and charges, and it affords personalized perks like as much as 10% cashback on fuel and as much as 12% on EV charging.

“Drivers and couriers will now have the power to get additional cash again on fuel and EV charging and have their earnings robotically deposited to their accounts after every journey – freed from cost,” mentioned Andrew Macdonald, senior vice chairman, Mobility & Enterprise Operations at Uber.

The Uber Professional Card, which is a Debit Mastercard BusinessCard, features a enterprise checking account powered by Department designed to allow drivers to maintain extra of what they earn.

The transfer exhibits that paytech corporations and banks are more and more opening up their choices to ride-sharing apps in an effort to drive extra bank card customers to their respective platforms. For example, Grubhub, one other meals ordering and supply market, lately teamed up with Paypal (PYPL) and Visa (V) to supply drivers versatile funds.

Earlier than the pandemic occurred, Uber expanded driver debit playing cards to Mexico in partnership with Mastercard.

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