Uber expand partnership with stripe to enhance payments performance

By Delisha Fernandes

Stripe, a financial infrastructure platform for businesses, has announced an expanded global partnership with Uber Technologies.

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.

It will use Link and Stripe Financial Connections to allow customers to add bank accounts securely and instantly without leaving the Uber app. In addition to Link, Uber uses Stripe to process card payments on eftpos in Australia and JCB in Japan.

“Creating 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 pay with their bank accounts easily 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.”

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 performance or reliability, all while reducing cost. Stripe is now a strategic payments partner for Uber across its top markets, including Canada, the UK, France, Malta, Mexico, Brazil, Australia, Japan, and the US.

“Uber has been a pioneer in payments since the very beginning. Who doesn’t remember the magical moment of 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 are honoured to do our part to help, and we are thrilled to be along for the ride.”