Uber has announced its partnership with Paymob, a digital payment service provider, to expand payment options on the Uber app, in a bid to financially integrate a broader base of Egyptian drivers and riders, and as another step towards enhancing financial inclusion through ride-sharing technology, complementing Egypt Vision 2030.
Through the partnership, riders can now top up their wallets on the Uber app using various payment methods, allowing them to plan for their trips in advance. For more convenience, added payments remain valid with no expiration dates, so riders can request trips whenever they want without having to worry about carrying cash. For drivers, this partnership also unlocks a smoother process to pay Uber’s service fee (22.5%) using various in-app payment methods, especially supporting those who do not have bank accounts.
Ahmed Khalil, General Manager, Uber Egypt, commented: “Egypt’s accelerated shift towards a cashless society and financial inclusion has made expanding payment options on the Uber app an important step towards availing access to more people. Partnering with Paymob is a strategic decision, empowered by technology, to facilitate a seamless experience for users, while integrating unbanked drivers within the digital economy.”
Omar El-Gammal, VP Global Business Development, Paymob, stated: “We are delighted that Uber chose Paymob to broaden its in-app payment solutions which works greatly to proffer secure, seamless, and convenient payment solutions. We believe that the cooperation with Paymob would certainly allow a larger base to pay conveniently with their preferred payment method and contribute to attracting a larger segment of consumers digitally.”
Paymob enables payment through Meeza cards, OTC, and mobile wallets such as Vodafone Cash and others on the Uber app and will soon include other options. In addition to the new payment methods available through Paymob, Uber offers various payment options on the app that expand to include debit and credit cards, integrated e-payments, with plans to include more financial solutions in the upcoming period.
