Above: Uber / Uber Eats + Venmo
Uber and Uber Eats now let you split the bill using Venmo
Uber already lets riders pay by credit card, PayPal, and — in some markets — cash. Now, the ride-hailing giant is adding Venmo to the mix, both in its main transport app and in the Uber Eats app.
Available only in the U.S., Venmo is PayPal’s popular peer-to-peer (P2P) payments app and lets you easily split and share purchases with friends — ideal for sharing transport services and ordering takeout.
A key factor in this latest partnership appears to be data suggesting Venmo was already a popular mechanism for sharing payments between multiple Uber riders. Someone would pay for an Uber ride through their account, as usual, and then request reimbursement from their friends through Venmo. According to the company, more than 6 million Venmo payments last year mentioned the word “Uber,” which offers some indication as to how popular this new payment integration should prove.
“With so many of our riders and eaters already turning to Venmo as a way to pay a friend back for that last ride or meal, we’re proud to have built a seamless, easy-to-use connection between our apps,” said Uber payment partnerships head Marco Mahrus.
It is worth noting here that Uber has offered a built-in fare-splitting feature for a while already, but it required all parties involved to have an active Uber account. Integrating Venmo bypasses that requirement, though all riders would have to be active Venmo users, of course.
JULY 12, 2018 9:00 AM
FROM THE WEB
Walmart said to weigh bids from Capital One, Synchrony for its credit-card business
2:39 PM ET Thu, 12 July 2018
Ripple Hires Facebook Payments Exec and Names New CTO
11 July 2018 10:00 AM EDT
Let us pay: church targets millennials with contactless collection plates
July 10 2018, 12:01am,
PayStack partners Truecaller to enable more African businesses accept online payments
10 July 2018 | 4:32 am
PayPal Holdings Inc. Has the Smell of Musk in Payments
Jul 10, 2018, 1:55 am EDT
FROM THE TUBE
Pride in London 2018 – Mastercard
Institute of Promotional Marketing
Published on Jul 9, 2018
Adyen shares soar after Amsterdam IPO
Published on June 13, 2018
The Edison (Mastercard)
Published on Jun 4, 2018
Money20/20 Europe 2018 Highlights
Published on Jun 6, 2018
Mary Meeker’s 2018 internet trends report | Code 2018
Published on May 30, 2018
CHINA IS BEYOND CASHLESS
Published on May 27, 2018