Uber has partnered with Flutterwave, a Nigerian-founded San Francisco-based fintech firm to launch its new digital wallet called Uber Cash.
Using various remittance partners Uber users will be able to top up their digital wallets that are active on Flutterwave’s pan African Network.
Flutterwave is a B2B payment gateway network that enables customers to tap its APIs and tailor payment applications to their preference.
In line to Uber’s General Manager for Sub- Saharan Africa, Alon Lits, Uber cash will start going live this week until next week in South Africa, Nigeria, Uganda, Kenya, Ghana, Ivory Coast and Tanzania.
“Depending on the country, you’ve got different top-up methods available. For example in Nigeria, you can use your Verve card or mobile money. In Kenya, you can use M-Pesa and EFT and in South Africa, you can top up with EFT,” Said Lits
Last year, the digital wallet will also accept transfers from Flutterwave’s Barter payment app that was launched with Visa.
In Africa, Uber accepts cash and visa payments which is considered to have one of the largest unbanked populations, but has made great strides with the availability of mobile money.
Uber cash could increase Uber’s use in the continent by boosting the option of sending funds to the digital wallet and therefore creating a seamless payment system with less friction.
In Kenya, in Kenya who have been using M-Pesa as their preferred payment option normally send cash directly to the driver’s phone number.
To operate with the M-Pesa wallet in the Country Little Cab was the first taxi hailing app in place allowing users to top up and pay for their rides from the digital wallet.