Uber's move is the latest sign that tech giants are looking to make inroads into finance.
a credit card with Goldman Sachs, and Amazon has been offering small business loans to its merchants for years.
Uber recently surveyed U.S. drivers about whether they'd be interested in taking small loans from the company, Hazlehurst said, confirming a report from ReCode. It's too early to say if they'll do that in the U.S., but in several countries including Brazil, India and Peru, Uber already offers micro loans to drivers, he said.
For riders, Uber's credit card, a joint product with Barclays, will be reintroduced with richer rewards for payments within Uber's transportation and food delivery services.have been battered by skepticism over its prospects and a broader shift in investor sentiment favoring profits over growth. The company's stock is trading more than 25% below its $45 May IPO price. Uber reports third-quarter results on Nov. 4.
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