Uber Pushes into Fintech
Uber is creating a new division called Uber Money to handle its growing financial services business. The group will enable drivers to get the money they earn on rides instantly after every trip or delivery. Typically drivers either wait for weekly payments or cash out using a feature called Instant Pay.
Now, drivers and other freelance workers like Uber Eats couriers will have “real-time access to their earnings after every trip through the Uber Debit account,” the company says. This initiative will make the life of Uber’s 4-million-plus drivers and couriers much easier.