Mastercard is deepening its global payments partnership with Uber to improve experiences for drivers, couriers and Mastercard cardholders using the Uber platform. „Uber will leverage a range of Mastercard products and services – including Mastercard Move for real-time disbursements, Mastercard One Credential to simplify the payment experience, and Mastercard Gateway capabilities for collections – to support its business operations.” – according to the press release.
The Uber Pro Card, which Mastercard already supports in the United States and Canada, has been renewed in those markets and will be expanded to new ones, including the United Kingdom. The card allows Uber drivers and couriers to receive instant payments at no cost after every trip or delivery and offers benefits like leading cash-back rewards on gas purchases.
Along with this expansion, the Uber Pro Card will also deliver enhanced payment experiences by leveraging Mastercard One Credential, a single digitally connected credential offering greater payment choice. With Mastercard One Credential, drivers and couriers will gain flexible and innovative options for managing their finances, supporting greater financial resilience.
Uber’s global customer base will also benefit from Mastercard’s consumer payment products and services, including its Offers Platform. This will add increased, unique benefits and value to 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 leveraged to enable Uber to accept a wide range of digital transactions quickly and securely.
Commenting on the news, Karl Hebert, vice president, Global Commerce, at Uber 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.”
“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,” said Sherri Haymond, co-president, Global Partnerships at Mastercard. “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.”
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