Drivers and delivery people on Uber to get free, instant
access to earnings; up to 4% cashback on gas, up to 8% cashback on
EV charging, and other enhanced loyalty features
TORONTO and OAKLAND,
Calif., March 5, 2024 /PRNewswire/ - Uber
today announced a new partnership with Mastercard and Payfare to
launch the Uber Pro Card, providing free instant payouts after
every trip or delivery1 and enhanced loyalty features
for drivers and delivery people on the Uber platform in
Canada, powered by Payfare's
leading digital banking app and platform. Built specifically for
the needs of drivers and delivery people, the Uber Pro Card offers
exclusive cash back rewards helping to save up to 4% on
gas2, up to 8% on electric vehicle charging3,
and other everyday expenses.
"At Uber, we look to support drivers and delivery people with
flexible options to access their earnings," said Michael van Hemmen, General Manager of Mobility
for Uber Canada. "Through our
partnership with Mastercard and Payfare, the new Uber Pro Card will
enable drivers and delivery people to make the most of their
earnings through exclusive cashback rewards."
Qualifying cardholders will also be eligible for the Backup
Balance4 feature, enabling drivers and delivery people
to access up to $50 when they need it
most.
"App-based workers, including drivers and delivery people on
Uber, play an integral part in our economy and they require
flexible financial products to meet their unique needs," said
Balinder Ahluwalia, Senior Vice
President Market Development, Mastercard in Canada. "Through this partnership with Uber
and Payfare, we are enabling app-based workers to scale their
business by providing them with cash flow when they need it
most."
The Uber Pro Card will be available via mobile wallets and
enables seamless contactless payments, so drivers and delivery
people can begin spending immediately. They can track earnings,
transfer funds, earn rewards, and manage savings all through the
Uber Pro Card app.
"Uber is our longest tenured app-based platform partner and we
are pleased to expand our partnership with the all new Uber Pro
Card in Canada," said Marco Margiotta, CEO and Founding Partner of
Payfare. "Free instant access to earnings and tailored incentives
for gig workers help our cardholders every day while also
benefiting our app-based platform partners with increased
engagement of drivers and delivery people."
The Uber Pro Card is a Mastercard Business Prepaid Card which
can be used at all Mastercard acceptance points, offering
flexibility. The card also provides built-in tools and benefits to
help drivers and delivery people better manage cash flow, keep
records, and safeguard their devices. This includes access
to Mastercard Easy Savings, a rebate program to reward small
business owners when they spend, Easy Savings Specials, providing
offers for business essentials, and other benefits. The Uber Pro
Card is separate from the Uber Plus Card that delivery people can
use for shop and pay trips.
For more information, visit: https://uber.payfare.com/ca
About Uber (NYSE: UBER)
Uber's mission is to create opportunity through movement.
Co-founded by Calgarian entrepreneur Garrett Camp, Uber started in 2010 to solve a
simple problem: how do you get access to a ride at the touch of a
button? More than 10 billion trips later, Uber is building products
to get people closer to where they want to be. By changing how
people, food, and things move through cities, Uber and Uber Eats
open up the world to new possibilities. For more information, visit
uber.com.
About Mastercard (NYSE:
MA)
Mastercard is a global technology company in the payments
industry. Our mission is to connect and power an inclusive, digital
economy that benefits everyone, everywhere by making transactions
safe, simple, smart and accessible. Using secure data and networks,
partnerships and passion, our innovations and solutions help
individuals, financial institutions, governments and businesses
realize their greatest potential. With connections across more than
210 countries and territories, we are building a sustainable world
that unlocks priceless possibilities for all.
www.mastercard.com
About Payfare (TSX: PAY, OTCQX:
PYFRF)
Payfare is a global financial technology company powering
digital banking and instant payment solutions for today's gig
workforce. Payfare partners with leading rideshare and delivery
platforms and marketplaces to provide financial health for their
workforce.
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1 Automatic payouts need to be
enabled in the Driver app. Delays can happen due to technical
issues and other reasons.
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2 Up to
4% cash back is available for drivers and delivery people with
Diamond status who pay with the Uber Pro Card at the pump at
stations in Canada or the United States. For cash back on gas, only
payments made at the pump are eligible. Rewards subject to change
without notice. Gas and public electric vehicle charging merchant
classification is subject to Mastercard rules. Cash back rewards
are earned for select purchases using your Uber Pro Card in Canada
and become available as those purchases settle.
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3 Base
cash back benefit is between 1% and 4% for gas purchases and
between 2% and 8% for public EV charging, depending on your Uber
Pro status. Gas purchases and public EV charging must occur in
Canada or the United States. Total cash back you can earn with the
Uber Pro Card on refueling (gas or EV charging) is $100 per
month.
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4 Backup
Balance is only available to Uber Pro Card users with enabled
automatic payouts after every trip and who have had $700 in
earnings the previous month. Eligibility requirements for Backup
Balance subject to change without notice. Terms and conditions
apply.
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SOURCE Payfare