Payments Awards

Uber looks to money now

Written by Mark Evans
28/03/2018

Uber Technologies is seeking a European payments processing licence, as the ride-sharing company looks to new revenue streams and the ability to connect consumer facing services such as UberEats.

Uber has applied to the Dutch central bank for an e-money licence, enabling it to process payments. Less ambitions than the potential and long talked about entry by Amazon into banking, it does none-the-less signal the increasing intersection of electronic and physical services run from an app.

The company is still battling the negative publicity from the death of a pedestrian in the US and its loss of a licence to operate in London, yet these setbacks have not deterred the company from advancing its strategy.