Uber is launching 'Uber Money,' a financial services team that could help it save money and pay drivers more quickly

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Uber is launching 'Uber Money,' a financial services team that could help it save money and pay drivers more quickly
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The ride-hailing company wants to eventually offer bank accounts to drivers, and possibly even riders.

Uber has launched"Uber Money," a program focused on financial services like payments and banking. Peter Hazelhurt, head of the division, told CNBC that the company would eventually like to offer consumer bank accounts, too. For now, the new unit is focused on expanding instant payments to drivers and couriers, as well as a relaunching an Uber-branded credit card. Visit Business Insider's homepage for more stories.

Uber has launched"Uber Money," a program focused on financial services like payments and banking. Peter Hazelhurt, head of the division, told CNBC that the company would eventually like to offer consumer bank accounts, too. For now, the new unit is focused on expanding instant payments to drivers and couriers, as well as a relaunching an Uber-branded credit card. Visit Business Insider's homepage for more stories.

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