\nUber today announced a new partnership with Marqeta<\/a> (NASDAQ: MQ), Mastercard<\/a> (NYSE: MA) and Branch<\/a> to power the Uber Pro Card<\/a>, an enhanced loyalty and payments experience that will help drivers and couriers save on gas, fees, and other expenses. Built for drivers and couriers, the Uber Pro Card offers customized perks including up to 10% cashback on gas and up to 12% on EV charging.\n<\/p>\n
This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20221006005240\/en\/<\/a><\/p>\n (Graphic: Business Wire)<\/p>\n<\/div>\n \n\u201cAt Uber, we are always looking for new ways to offer drivers and couriers more support on the road,\u201d said Andrew Macdonald, Senior Vice President, Mobility & Business Operations at Uber. \u201cThe new Uber Pro Card will allow drivers and couriers take home more of what they earn. Drivers and couriers will now have the ability to get more cash back on gas and EV charging and have their earnings automatically deposited to their accounts after each trip – free of charge.\u201d\n<\/p>\n \nExpanding the Uber Pro driver loyalty program, the Uber Pro Card offers Uber drivers and couriers up to 10% cashback on gas purchases when they achieve Diamond status as an Uber Pro driver, along with other exclusive perks and rewards.\n<\/p>\n \nThe card also comes with a business checking account powered by Branch and designed to enable drivers and couriers to keep more of what they earn. Drivers and couriers that sign up for the card can have their earnings automatically deposited into their Uber Pro Card account after every trip\u2014free of charge. The Backup Balance feature allows drivers and couriers to access up to $150 when they need it most.\n<\/p>\n \nThe Uber Pro Card will be available via mobile wallets and enable seamless contactless payments, so drivers and couriers can begin spending immediately. They can track earnings, transfer money to other bank accounts, earn rewards, and manage savings all through the Uber Pro Card app.\n<\/p>\n \nThe Uber Pro Card is a Debit Mastercard BusinessCard\u00ae<\/a>, offering increased purchasing flexibility, as well as built-in tools and benefits to help drivers and couriers better manage cash flow, record keeping and safeguard their devices. This includes access to Mastercard Easy Savings\u00ae<\/a>, a rebate program to reward small business owners when they spend, and Mastercard Receipt Management<\/a>, in addition to advanced security features including Mastercard ID Theft Protection\u2122<\/a> and 24\/7\/365 Global Emergency Services<\/a>.\n<\/p>\n \nThe Uber Pro Card will also offer Stride<\/a>, the leading portable benefits platform designed for independent workers, enabling drivers and couriers to access simple, affordable coverage plans \u2013 from health to dental to vision. Mastercard and Stride partnered in 2020<\/a> to enable greater choice and relevant benefits options to gig and independent workers.\n<\/p>\n \nUber also recently announced other features, including Upfront Fares, which<\/a> allows drivers to see how much they\u2019ll earn and where they\u2019re going before accepting a trip.\n<\/p>\n Quote Sheet \n\u201cDrivers and couriers are critical to our economy, and it\u2019s imperative that they have the financial tools and resources that make their lives easier,\u201d said Sherri Haymond, executive vice president, Digital Partnerships at Mastercard. \u201cBringing this new offering together in partnership with Uber, Marqeta and Branch, we\u2019ll be able to arm this segment with a dynamic and tailored product that not only meets their needs but exceeds their expectations.\u201d\n<\/p>\n \n\u201cIn today\u2019s hyper-competitive labor market, Uber recognized the need to provide a dynamic, real-time payments experience that engages workers and drives greater loyalty,\u201d said Branch Founder & CEO Atif Siddiqi. \u201cWe\u2019re incredibly excited to partner with Uber, Marqeta and Mastercard to create a modern banking solution that not only empowers drivers and couriers with greater flexibility, speed and support but also meets their unique business needs\u2014from free, fast access to their earnings after every trip to extensive cash back rewards.\u201d\n<\/p>\n About Marqeta About Mastercard (NYSE: MA) www.mastercard.com<\/a><\/p>\n About Branch Forward-Looking Statements View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20221006005240\/en\/<\/a><\/span><\/p>\n Media: KEYWORDS:<\/b> United States North America California<\/p>\n INDUSTRY KEYWORDS:<\/b> Apps\/Applications Technology Insurance Finance Banking Professional Services Digital Cash Management\/Digital Assets Transportation Travel<\/p>\n![\"(Graphic:](\"https:\/\/mms.businesswire.com\/media\/20221006005240\/en\/1593696\/4\/UberProCard_Render.jpg\")
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<\/b>\u201cThanks to the benefits of modern card issuing, workers can access their earnings immediately, and with growing use of new digital wallets and payments capabilities can more easily manage their cash flow and better plan for their future,\u201d said Jason Gardner, Founder and CEO of Marqeta. \u201cUber is changing standards in payments and we\u2019re thrilled to partner with Uber, Mastercard and Branch to help them bring this vision to life.\u201d\n<\/p>\n
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<\/b>Marqeta\u2019s modern card issuing platform empowers its customers to create customized and innovative payment cards. Marqeta\u2019s platform, powered by open APIs, gives its customers the ability to build more configurable and flexible payment experiences, accelerating product development and democratizing access to card issuing technology. Its modern architecture provides instant access to highly scalable, cloud-based payment infrastructure that enables customers to launch and manage their own card programs, issue cards and authorize and settle transactions. Marqeta is headquartered in Oakland, California and is enabled in 39 countries globally. For more information, visit www.marqeta.com<\/a>, Twitter<\/a> and LinkedIn<\/a>.\n<\/p>\n
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<\/b>Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. Our decency quotient, or DQ, drives our culture and everything we do inside and outside of our company. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all.\n<\/p>\n
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<\/b>Branch<\/a> is the leading workforce payments platform that partners with businesses to accelerate payments and empower working Americans. Businesses turn to Branch for a more cost-effective, faster way to pay workers and create a more streamlined, uniform payments experience. Employees and independent contractors that sign up with Branch can receive a zero-fee bank account, free instant access to earned wages, rewards, and personal finance tools to help them manage their cash flow between paychecks. Branch partners with some of the nation\u2019s leading payroll and workforce technologies to support companies in retail, restaurant, trucking\/logistics, last-mile delivery, manufacturing, and healthcare. Branch has been honored with a Webby Award \u2014 Best Financial Services, Fintech Breakthrough Award, Gartner Eye on Innovation: Financial Services, Star Tribune\u2019s Top Workplaces in Minnesota, and Great Place to Work Certification. To learn more about Branch, visit https:\/\/www.branchapp.com<\/a>.\n<\/p>\n
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<\/b>This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements expressed or implied in this press release include, but are not limited to, quotations and statements relating to changing consumer preferences; increasing consumer adoption of certain digital payment methods, products, and solutions; which payment, banking, and financial services products and solutions may succeed; technological and market trends; Marqeta\u2019s business; Marqeta\u2019s products and services; and statements made by Marqeta\u2019s Founder and CEO. Actual results may differ materially from the expectations contained in these statements due to risks and uncertainties, including, but not limited to, the following: any factors creating issues with changes in domestic business, market, financial, political and legal conditions; the effect of and uncertainties related to the global COVID-19 pandemic on U.S. and global economies and demand for Marqeta\u2019s services and products; the uncertainties and direct and indirect effects of the significant military action against Ukraine launched by Russia, including threats of attacks against U.S. financial institutions as retaliation against financial institutions for sanctions imposed against Russia; the risk that Marqeta is unable to further attract and grow its customer base; the risk that consumers will not perceive the benefits of Marqeta\u2019s products and services, including digital payment and banking products and services; the risk that Marqeta’s products and services do not operate as intended, including digital payment and banking products and services; the risk that Marqeta\u2019s products and solutions will not achieve the expected market acceptance, including digital payment and banking products and services; and the risk that competition could reduce expected demand for Marqeta\u2019s products and services, including digital payment and banking products and services. Detailed information about these risks and other factors that could potentially affect Marqeta\u2019s business, financial condition and results of operations are included in the \u201cRisk Factors\u201d disclosed in Marqeta’s Annual Report on Form 10-K for the year ended December 31, 2021, as such risk factors may be updated from time to time in Marqeta\u2019s periodic filings with the SEC, available at www.sec.gov<\/a> and Marqeta\u2019s website at http:\/\/investors.marqeta.com<\/a>. The forward-looking statements in this press release are based on information available to Marqeta as of the date hereof. Marqeta disclaims any obligation to update any forward-looking statements, except as required by law.\n<\/p>\n<\/p>\n
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James Robinson
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530-913-0844
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jrobinson@marqeta.com<\/b><\/a><\/p>\n
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