Stripe has formed a global partnership with Uber Technologies. The release states that Uber will significantly expand its use of Stripe’s payments platform, including in the US, to reduce costs and give customers more flexible ways to pay for Uber Rides and Uber Eats.
As one of the world’s most sophisticated platforms, operating in 70 countries and accepting 52 different payment methods, Uber is always working on the future of payments—allowing customers to pay with their preferred payment methods without compromising on performance or reliability, all while reducing cost.
“Creating payments experiences that combine payments innovation, reduced friction, and cost savings is at the core of what we do. Using Link to give customers the option to easily pay with their bank accounts puts us in a position to tick all those boxes while providing access to an increasingly popular mode of payment,” said Karl Hébert, vice president of payments, risk, and identity at Uber. “Stripe shares our commitment to reliability, customer centricity, and continued innovation—which is why they are a key partner.”
It has been reported that Uber will use Link and Stripe Financial Connections to allow customers to securely and instantly add bank accounts without leaving the Uber app. Saved bank details can then be easily reused by customers for future purchases with Uber.
“Uber has been a pioneer in payments since the very beginning. Who doesn’t remember the magical moment hopping out of their first Uber ride without touching their wallet?” said Will Gaybrick, president of product and business at Stripe. “Uber remains at the forefront of online payments today. As they look to provide ever more flexibility to their customers, we’re honored to do our part to help, and we’re thrilled to be along for the ride.”
Press release: Stripe