International ride hailing service Uber today announced it is introducing a new payment method in partnership with Nigeria’s fintech company Flutterwave. In a statement, Uber said it is introducing Uber Cash to further promote cashless transactions across all Uber’s products.
“Uber Cash is facilitated by Flutterwave to ensure the easiest and most reliable payment options are made available for locals,” Uber stated.
With the new service, riders can prepay for upcoming trips with Uber Cash. Uber noted that digital payments help ensure the well-being of both the rider and driver by limiting unnecessary physical contact and it is the encouraged method of payment should travel be necessary.
“While existing payment options will still be available including cash (for rides only), debit card and gift cards, this new feature offers a seamless way to make and further control payment on Uber,” Uber said.
“This payment method creates an app-specific account that can be preloaded with any amount, to be used on upcoming trips. The account can be topped-up via the user’s Ride account and used as and when needed on Uber, allowing the user to control the amount spent on the specific app, further helping them control their budget.”
Top-ups are available and work similarly to that of an airtime increases. Riders are able to top-up their balance via a debit/ credit card (Verve), USSD, a bank transfer or Barter for payment of use. There is no need to use a physical card or cash. Once the account has been loaded, all credit is non-expiry meaning that locals can use it whenever they see fit.
“Uber Cash is another way to create a seamless experience for all our users. This new option introduces a method of payment that is easily controllable, convenient and reliable” says Alon Lits, Director of Uber in Sub-Saharan Africa.
