Uber Money: Tech Titan Rolls Out Digital Wallet in Push to Expand Financial Services

UBER MONEY: TECH TITAN ROLLS OUT DIGITAL WALLET

Uber may one day offer bank accounts. That’s the message from the ridesharing giant, which announced its new division, Uber Money, at Money 20/20 in Las Vegas on Monday. The company says Uber Money will first focus on delivering financial services to its four million drivers and couriers around the world. The goal is to build out an ecosystem that can reach people who are underserved. According to Uber’s head of payments, Peter Hazlehurst, who will lead the new division, Uber Money will offer real-time earnings via a digital wallet and upgraded debit and credit cards. Unlike a blockchain-based […]

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