We were waiting for this to happen. Especially since Uber competitor, Lyft, announced it's own quick cashout platform called Express Pay back in December. With the launch of the Uber Debit Card, now Uber drivers will have access to their earnings whenever they need it, at no minimum or additional charge. Seems the reason for these prepaid cards is to allow Uber drivers who do not have a bank account to still be able to take the funds they need, while of course getting a nice deal for Uber and Green Dot Bank. This isn't the most innovative move, but it is of course serving many underbanked who need the cash.
“Drivers say they’d like to have the flexibility to decide when to get paid too,” remarked Wayne Ting, Uber’s general manager for the Bay Area, in a statement. “Because sometimes life happens. And whether you’re saving up for something big or hitting the road to pay an unexpected bill, Uber can help you reach those goals.”