April 5, 2017Blog Posts

Uber’s Instant Pay has cashed out $1.3B to drivers in just one year

TechCrunch:

Uber introduced Instant Pay last year, as a way to use the revenue from their Uber fares right away, without waiting for it to be deposited into their own bank account. The company first launched the program with GoBank and a dedicated Visa card, but eventually opened it up to virtually all U.S-based MasterCard, Visa or Discover debit card tied to checking and savings accounts. Opening things up led to a big spike in usage, which is how the service managed to account for over $1.3 billion dollars in cash-outs by drivers in its first year alone.

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