Standard Chartered Bank and Uber announced today a collaboration that provides all Standard Chartered credit cardholders in the United Arab Emirates as much as 20 percent cashback for all Uber trips internationally.
Collaborating with Uber is part of Standard Chartered's digital agenda to deliver easy and convenient banking through digital channels for progressively tech-savvy clients. To meet customers' needs in the new digital environment, the Bank believes that partnership in between the monetary and technology sectors will blaze a trail forward. Flight hailing company such as Uber are fast becoming a mainstream function of transport globally, and continue to acquire popularity greatly.
This cooperation in between Standard Chartered and Uber capitalises on key areas of synergies, which are generally a comprehensive geographical network, highly-mobile client base and the desire to provide innovative offerings to customers.
Amer Khan, Head of Retail Products, Middle East, Standard Chartered Bank said: "There has actually been a dramatic shift towards digital and cashless payments across the region and we are seeing success in the smooth integration of the Bank's services in our clients' everyday life. As an international bank with a concentrate on Asia, Africa and Middle East, we are pleased to partner Uber, a transport network operating in more than 425 cities, to engage our clients for both their local and abroad transport needs."
Commenting on the collaboration, Nader Museitif, Head of Business Development MENA, Uber, stated: "Here at Uber we are always looking for innovative partnerships to enhance the experience and add convenience for our riders. Our partnership with Basic Chartered Bank UAE is a prime example of how we can bring two markets together to use something of value."
Cardholders in the UAE will get 20 percent cashback on all Uber rides internationally based on a cashback cap of AED 175 each month when a minimum of AED 2000 in retail spends are done on the credit card, per calendar month. Cardholders who are newbie Uber users will enjoy three free rides. More details are offered at onsc.com/uber_tnc
This is the first ever multi-market collaboration for both Basic Chartered Bank and Uber, the world's most popular transport app and becomes part of the Bank's regional roll out of innovative digital suite of services for clients. Previously this year, the Bank announced a variety of initiatives across the region, such as video banking and the present of biometric fingerprint and voice technologies.