November 17, 2020 | 2 min read
Marqeta and Uber for global card-issuing partnership
We’re thrilled to announce that we’ll be serving as a global card issuing partner for Uber, helping to provide critical financial infrastructure for its global expansion. Although we’ve already been supporting the global growth of Uber Eats, we’ll be serving as Uber’s card issuing partner for future projects as well.
Uber will be using our modern card issuing technology to support its ecosystem of apps, which have more than 100 million monthly global users. With our platform, Uber will be able to issue physical, virtual, or tokenized cards while significantly reducing time to market.
“A rapid digital transformation is upending everything from how we eat, to how we navigate our cities. As Uber looks to build out a global ecosystem that our users can rely on in all facets of their lives, it was clear we needed a sophisticated card issuing and payments processing partner to reach our true potential,” said Jennifer Vescio, global head of business development at Uber. “From our earliest conversations with Marqeta, we could see that its modern card issuing platform would be a crucial building block for Uber in executing the future. Their single global platform aligns perfectly with Uber’s global scale, and their team is the strongest we’ve seen in the industry.”
Uber plans to integrate our technology across multiple product verticals and in several major international markets, including Europe. Our platform will help streamline Uber’s payment experiences, create more seamless interfaces throughout its ecosystem, and allow for further efficiencies in its Eats product.
We’re excited about this newly expanded partnership with one of the most innovative companies in this last decade. We look forward to helping them bring new innovations to the market that all their users can benefit from.