- Uber is launching a brand new debit card with tandem checking account.
- The Uber Professional debit card is made accessible by way of partnerships with Mastercard, Marqeta, and Department.
- Uber Professional cardholders can obtain as much as 7% cashback on gasoline purchases.
Uber’s newest try to draw extra drivers to its platform comes within the type of a debit card with a tandem checking account. Late final week, the rideshare firm announced the Uber Professional debit card.
The brand new debit card comes courtesy of partnerships with Mastercard, Marqeta, and Branch, a challenger financial institution that caters to gig economic system employees and contractors. The cardboard presents Uber drivers as much as 7% money again on fuel purchases once they obtain Diamond standing as an Uber Professional driver.
The Uber Professional card comes with a checking account powered by Department, which is able to routinely deposit cardholders’ earnings into their account after each journey. Department presents a novel tackle earned wage entry by enabling employees to entry their paycheck as they earn it. The cardboard at present has a wait checklist and can launch within the coming weeks.
This newest announcement comes three years after Uber initially introduced Uber Cash, a debit card and cellular app powered by Inexperienced Dot, and 5 years after the corporate launched its Barclays-powered bank card.
The launch of the Uber Professional card comes alongside a handful of different driver-related bulletins from the ridesharing firm. The Uber app will now provide drivers a spread of close by journeys to select from, present drivers their actual earnings upfront earlier than they settle for a visit, and provide enhanced advantages to Uber Professional drivers.
These driver-focused advantages are partly an effort to easy out the availability and demand subject that Uber is going through. The nationwide labor scarcity, mixed with excessive gasoline costs, has traditionally made it troublesome for Uber to draw drivers. In Could, Uber CEO Dara Khosrowshahi stated, “Our want to extend the variety of drivers on the platform is nothing new neither is it a shock … there’s a whole lot of work forward of us, however this can be a machine that’s rolling.”