The app-based transport giant Uber is all set to enter the financial product market. The company has chosen India as one of the six countries where it would be launching its “Uber Money” services.
Today at #Money2020 we announced the launch of Uber Money, our new brand focused on delivering financial products, at Uber speed. Learn more → https://t.co/ja8H7sl9Oj pic.twitter.com/HVAlg0Ueos
— Uber (@Uber) October 28, 2019
Uber Money would be based on NPCI’s (National Payment Corporation of India) UPI (Unified Payment Interface) and would be aimed at furthering direct banking access and financial inclusion to its driver partners.
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The service would allow Uber’s drivers and Uber Eats riders to have real-time access to there earnings after every tip. Uber Money would be active in India by 2020.
Read more at Livemint
