Uber sets up "Uber Money" division focused on financial services
Photo: Denis Charlet/AFP/Getty Images
Uber has set up a new division, Uber Money, that will house its financial services products for riders and drivers, such as digital wallets and debit and credit cards.
Why it matters: While Uber and rival Lyft have already provided some standalone services like letting drivers cash out their earnings instantly and a credit card for riders, other ride-hailing companies around the world, like Grab and Gojek, have long offered fuller suites of services.
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