Uber Expands Its Strategic Payments Partnership With Stripe Across Major Markets

May 4, 2023 | FinTech, Latest News, News

The tie-up with Stripe will allow Uber customers to pay easily with their bank accounts and without having to pull out their wallet.

Uber (NYSE: UBER) has signed an expanded global partnership with Stripe, the financial infrastructure platform for businesses, to reduce payments costs and provide more payment options to customers.

The partnership will see Uber use Stripe’s payments platform, including Link and Stripe Financial Connections, to allow customers to add bank accounts securely and reuse saved bank details for future purchases with Uber Rides or Uber Eats. Link is Stripe’s native one-click checkout that speeds up checkout by saving customer payment details that can be used for subsequent purchases at any Link-enabled business. (Stripe)

“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.

Stripe is now a strategic payments partner for Uber in several markets, including the US, Australia, and Japan.

Stripe offers over 100 payment optimizations, including pre-built payment UIs, more than 40 payment methods, and Link. The fintech giant operates in 70 countries and processes 52 different payment methods.

Related Story: Uber Eats And Visa Make A Join Effort To Promote Environmentally Friendly Restaurant Packaging

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