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Companies

Uber Ties Up With Rakuten for Food-Delivery Payments in Japan

“Uber Technologies Inc. will integrate Rakuten Group Inc. ’s payment services into its Uber Eats and later Uber mobility app in Japan, one of its key international markets. Rakuten, Japan’s homemade answer to Amazon.com Inc. , operates a broad range of e-commerce and fintech services and has a widely used Rakuten Points loyalty program. The […]
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Companies

Uber adds planes and trains to cars in renewed ‘super app’ push

“Uber plans to add long-distance travel bookings to its UK app this year, including intercity trains, coaches and flights, as chief executive Dara Khosrowshahi reboots the “super app” strategy he first outlined several years ago. The plan is to expand Uber’s ride-booking app into a one-stop shop for travel that could eventually include hotels. This […]
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Companies

Uber, Postmates Agree on $2.65 Billion All-Stock Deal

“Uber Technologies Inc. has agreed to acquire Postmates Inc. in a $2.65 billion all-stock takeover expected to be announced as soon as Monday morning in the U.S., according to people familiar with the matter. Uber Eats head Pierre-Dimitri Gore-Coty is expected to continue to run Uber’s combined delivery business, according to a person who asked […]
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Companies

Uber Pares Back Digital Wallet Ambitions, Head of Unit Quits

“Uber Technologies Inc. ’s financial services leader Peter Hazlehurst is calling it quits as the ride-hailing giant focuses on rides and food delivery, and ices plans to become a financial services company. In an email to staff on Thursday, Uber Chief Executive Officer Dara Khosrowshahi said that Uber will “deprioritize” several of its finance-related projects, […]
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Companies

Investors Aren’t Moved by Uber’s Shift Into Banking

“The “pivot” to fintech has been a popular strategy among Asian tech and ride-hailing companies. India’s Ola made fintech a priority in 2015 after spinning out its payment service, Ola Money , into a standalone app. Indonesia’s Go-Jek started its Go-Pay service in 2016. “There is some precedence for success,” Bernstein analyst Harshita Rawat said […]
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Companies

Uber Announces Deeper Push Into Financial Services With Uber Money

“The company announced on Monday the formation of a new division called Uber Money to house its efforts, which include a digital wallet and upgraded debit and credit cards. The emphasis, at first, will be expanding Uber’s efforts to give its 4 million-plus drivers and couriers around the world access to a mobile bank account […]
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On The Wires

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Companies

Shift4 Payments and Uber Eats Announce Partnership to Provide Integrated Online Ordering and Delivery Experience for Restaurants

“Shift4 Payments, the leader in integrated payment processing solutions, and Uber Eats today announced that the on-demand food delivery platform will be available through Shift4’s Marketplace, providing a seamless integration for Shift4’s restaurant clients. This partnership will enable a streamlined onboarding process and a fully integrated ordering experience for restaurants and consumers.”
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