In an announcement by Uber today, the ride-hailing company has introduced Uber Cash to the African market, including South Africa, Kenya, Nigeria, Uganda, Ghana, Ivory Coast and Tanzania.
What is Uber Cash?
Uber Cash is essentially a virtual wallet where users can deposit money on their Uber accounts to be used for both rides and orders. Uber will still accept cash but this digital wallet move helps them make more strides on financial inclusion.
“This method creates a payment account dedicated to both apps that can be preloaded with any amount, to be used on upcoming trips and orders,” said Uber in a statement.
Here’s how to load your account with Uber Cash:
- Open the Uber app menu and tap Payment
- Tap Add Funds and select an amount to add to your Uber Cash balance
- Select your payment method, then tap Purchase
From here, you can add a present amount to your Uber Cash wallet which is sourced from either your card or through an EFT bank transfer. Uber Cash will be applied automatically to your next ride or Uber Eats order unless you’re using a business profile. To turn off Uber Cash, tap your payment method after entering your destination.
This is all in light of all the Coronavirus that’s affecting many African countries. The company also has some measures in place to try and fix this.
“Uber Cash limits potential cash deficits should either the driver, courier or user not have enough or exact change, as, like a debit transaction, the exact amount will be taken,” said Uber.