Uber Adds New Payment Feature For Companies And Business Profiles

Uber Adds New Payment Feature For Companies And Business Profiles

Uber has ramped up efforts to grow its business clientele by bringing in a new payments and billing arrangement for companies along with “Business Profiles” which will make charging Uber car rides to business credit cards easier.

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The car sharing app company launched Uber For Business platform 12 months ago and has seen a steady increase in clients over that time, particularly in international markets. Through the offering, companies can manage their employees’ spending on Uber car rides through a consolidated dashboard which shows information such as cost and the type of car that was used. It can be customised to suit the needs of different organisations.

Over the next month, Uber is rolling out a new feature which allows companies to pay for their car rides on a monthly basis and through bank transfers. Currently, Uber only accepts credit card payments. These may not seem like big additions to Uber For Business, but it is something customers have demanded, according to Uber. Monthly billing and bank transfer payement would fit into the accounting structure of most companies.

This feature is expected to reel in large enterprises and Uber has already trialled it with major corporations including Tesla, Evernote and Deutsche Bank.

Another thing Uber is introducing is Business Profiles. Currently, users have to swap from using their personal credit card to their company credit card manually. Uber is now bringing out a Business Profile which stores your company card information separately. You can then switch from personal to business profile to pay for your Uber ride with just one tap.

Australia is a high growth market for Uber with Sydney being on the list of the top 15 cities using Uber For Business. The new features will be rolled out globally in the coming month.