Uber and Mastercard are deepening their global payments partnership in a move aimed at accelerating driver payouts, expanding user perks, and streamlining digital transactions across Uber’s mobility and delivery platforms.
The renewed alliance brings new technologies and financial tools to over 8.5 million earners and 170 million users worldwide, with plans to expand key services like the Uber Pro Card to new markets including the UK.
As part of the extended collaboration, Uber will leverage a suite of Mastercard’s digital payment products and services, including Mastercard Move for real-time disbursements, Mastercard One Credential for simplified transactions, and Mastercard Gateway Services to support secure global payment processing and fraud prevention.
Benefits
Mastercard has renewed its support for the Uber Pro Card in the U.S. and Canada and plans to expand to new markets, including the UK.
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The card offers benefits like top cash-back rewards on gas purchases and enables Uber drivers and couriers to receive instant payments at no cost following each trip or delivery.
In addition to this development, the Uber Pro Card will use the Mastercard One Credential, a single digitally connected credential that gives users more payment options and provides better payment experiences.
Drivers and couriers will have more creative and adaptable financial management choices with Mastercard One Credential, promoting increased financial resilience.
Mastercard’s consumer payment services and products, such as its Offers Platform, will also benefit Uber’s global clientele.
Mastercard holders who use Uber’s platform to purchase delivery and mobility services will gain additional, special benefits and value as a result.
Uber will swiftly and securely accept a variety of digital transactions by utilizing Mastercard Gateway, the company’s worldwide processing and fraud prevention solution.
Uber and Mastercard express enthusiasm
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.”
About Mastercard
Mastercard empowers people and drives economies in more than 200 nations and territories across the globe. It works together with its customers to create a robust economy that will allow everyone to thrive.
Its extensive support for digital payment options makes transactions safe, easy, intelligent, and available. Its networks, partnerships, and innovation and technology provide a distinctive range of goods and services that enable individuals, organisations, and governments to reach their full potential.
About Uber
Uber’s objective is to use mobility to create opportunity. The company was founded in 2010 to address the straightforward issue of how to instantly obtain a ride.
After more than 61 billion journeys, it is creating products to help people get closer to their desired destinations. Uber is a platform that expands the world’s potential by revolutionising how people, food, and objects move through cities.