Uber has a new team entirely dedicated to its financial products and services: Uber Money. The announcement was made Monday by Uber Money Head Peter Hazlehurst on the company’s blog. Also today, during Money20/20, the world’s largest technology and finance event held in Las Vegas, United States, Hazlehurst showed how exactly Uber Wallet is going to work.
According to TechCrunch, drivers will soon have access to Uber Wallet within the driver app, so that they can more easily track their earnings and spending history, as well as manage and move their money.
Wallet will start rolling out in the driver app in the coming weeks, and will later be available in the Uber and Uber Eats apps. On Money20/20 Twitter it is possible to see Hazlehurst presentation:
Also according to TechCrunch, Uber Money plans to integrate the Uber debit account and debit card for drivers in the U.S. into the driver app–which in practice would make the functionality available to drivers from other countries as well. The company will also start offering cash back on gas starting at 3% and up to 6% for the highest tier of Uber Pro drivers.
Hazlehurst also made this special video about all Uber’s announcements at Money20/20 USA’s stage: