With the launch of the Uber Pro Card, Uber today announced a new partnership with Mastercard and Payfare. This partnership powers the Uber platform in Canada and offers drivers and delivery personnel enhanced loyalty features, as well as free instant payouts after every trip or delivery1. The Uber Pro Card is powered by Payfare's industry-leading digital banking app and platform. The Uber Pro Card, designed with drivers and delivery personnel in mind, provides distinctive cash back incentives that can help save up to 4% on gas2, 8% on charging an electric vehicle3, and other daily costs.

According to Michael van Hemmen, General Manager of Mobility for Uber Canada, "we look to support drivers and delivery people with flexible options to access their earnings" at Uber. "The new Uber Pro Card will allow drivers and delivery personnel to maximize their earnings through exclusive cashback rewards thanks to our partnership with Mastercard and Payfare."

Additionally, qualifying cardholders will be able to utilize the Backup Balance4 function, which gives delivery workers and drivers access to up to $50 in times of need.

According to Balinder Ahluwalia, Senior Vice President Market Development at Mastercard in Canada, "app-based workers, including drivers and delivery personnel on Uber, play an integral part in our economy and they require flexible financial products to meet their unique needs." "We are enabling app-based workers to scale their businesses by giving them cash flow when they need it most through our partnership with Uber and Payfare."

Uber Pro Card users will be able to make seamless contactless payments using it through mobile wallets, allowing drivers and delivery personnel to start spending right away. Through the Uber Pro Card app, they can manage savings, receive rewards, transfer money, and track earnings.

"We are happy to expand our partnership with the all-new Uber Pro Card in Canada," stated Marco Margiotta, CEO and founding partner of Payfare. "Uber is our longest-standing app-based platform partner." "Our cardholders benefit daily from free instant access to earnings and customized incentives for gig workers, and our app-based platform partners benefit from increased driver and delivery person engagement."

With versatility, the Uber Pro Card is a Mastercard Business Prepaid Card that can be used at any Mastercard acceptance location. In addition, the card offers integrated features and advantages that facilitate improved cash flow management, record-keeping, and device security for drivers and delivery personnel. This includes having access to Mastercard Easy Savings, a program that offers small business owners rebates based on how much they spend, as well as Easy Savings Specials, which offer discounts on necessities for their operations. The Uber Plus Card, which delivery workers can use for purchases and payment trips, is not the same as the Uber Pro Card.

Visit this link for additional details: https://uber.payfare.com/ca

1. The Driver app needs to be set up for automatic payouts. Technical problems are not the only causes of delays.

2. When drivers and delivery personnel with Diamond status pay at the pump at Uber Pro Card locations in Canada, they can receive up to 4% cash back. Only payments made at the pump qualify for cash back on gas. Rewards are liable to alter at any time. Mastercard regulations govern the classification of gas and public electric vehicle charging merchants. In Canada, you can use your Uber Pro Card to earn cash back incentives on specific transactions. These benefits become accessible as soon as the purchases settle.

3. Depending on your Uber Pro level, the base cash back benefit ranges from 1% to 4% for gas purchases and from 2% to 8% for public EV charging. Both gas purchases and public EV charging have to take place in the US or Canada. With the Uber Pro Card, you may get up to $100 in cash back each month on gas or EV charging.

4. Only Uber Pro Card users who have enabled automatic payouts after each trip and who earned $700 in earnings the previous month are eligible for Backup Balance. The prerequisites for eligibility for Backup Balance are subject to alter at any time. There are terms and conditions.