Mastercard, Marqeta, and Branch Introduced Uber Pro Card

Mastercard, Marqeta, and Branch Introduced Uber Pro Card
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Uber has joined forces with Marqeta, Branch, and Mastercard, to support the Uber Pro Card, an improved loyalty and payment experience designed to help drivers and couriers save money on gas, fees, and other expenses. The Uber Pro Card, designed for drivers and couriers, provides customized benefits such as up to 10% cash back on gas and up to 12% off EV charging.

The Uber Pro Card, which expands the Uber Pro driver loyalty program, provides Uber drivers and couriers with 10% cash back on gas purchases when they achieve Diamond status as an Uber Pro driver, as well as other benefits and a reward system.

Jason Gardner, Founder and CEO of Marqeta, added, “Thanks to the benefits of modern card issuing, workers can access their earnings immediately, and with growing use of new digital wallets and payments capabilities can more easily manage their cash flow and better plan for their future. Uber is changing standards in payments, and we’re thrilled to partner with Uber, Mastercard, and Branch to help them bring this vision to life.”

The card will further include a business checking account operated by the Branch, allowing drivers and couriers to maintain more of the money they earn. Drivers and couriers who avail of the card will have their wages credited into their Uber Pro Card account after each trip. Drivers and couriers can use the Backup Balance feature to get up to $150 when required.

The Uber Pro Card will be available through mobile wallets and will enable seamless contactless payments, allowing drivers and couriers to start spending right away. They can use the Uber Pro Card app to track earnings, transfer money to other bank accounts, earn rewards, and manage savings.

Andrew Macdonald, Senior Vice President, Mobility & Business Operations at Uber, commented, “At Uber, we are always looking for new ways to offer drivers and couriers more support on the road. The new Uber Pro Card will allow drivers and couriers take home more of what they earn. Drivers and couriers will now have the ability to get more cash back on gas and EV charging and have their earnings automatically deposited to their accounts after each trip – free of charge.”

The Uber Pro Card is a Debit Mastercard BusinessCard® that provides increased purchasing flexibility as well as built-in tools and benefits to assist drivers and couriers in better managing cash flow, record keeping, and device security. This includes Mastercard Easy Savings®, a rebate program that rewards small business owners for their spending, as well as Mastercard Receipt Management and advanced security features such as Mastercard ID Theft ProtectionTM and 24/7/365 Global Emergency Services.

Sherri Haymond, Executive Vice President of Digital Partnerships at Mastercard stated, “Drivers and couriers are critical to our economy, and it’s imperative that they have the financial tools and resources that make their lives easier. Bringing this new offering together in partnership with Uber, Marqeta, and Branch, we’ll be able to arm this segment with a dynamic and tailored product that not only meets their needs but exceeds their expectations.”

Stride, the leading portable benefits platform designed for independent workers, will also be available on the Uber Pro Card, allowing drivers and couriers to access simple, affordable coverage plans ranging from health to dental to vision. Mastercard and Stride collaborated in 2020 to provide gig and independent workers with more benefits options.

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