Mr. Marco Margiotta reports

UBER PARTNERS WITH MASTERCARD AND PAYFARE TO LAUNCH THE NEW UBER PRO CARD IN CANADA

Uber has formed a new partnership with MasterCard and Payfare Inc. to launch the Uber Pro Card, providing free instant payouts after every trip or delivery and enhanced loyalty features for drivers and delivery people on the Uber platform in Canada, powered by Payfare's leading digital banking app and platform. Built specifically for the needs of drivers and delivery people, the Uber Pro Card offers exclusive cashback rewards helping to save up to 4 per cent on gas, up to 8 per cent on electric vehicle charging and other everyday expenses.

"At Uber, we look to support drivers and delivery people with flexible options to access their earnings," said Michael van Hemmen, general manager of mobility for Uber Canada. "Through our partnership with MasterCard and Payfare, the new Uber Pro Card will enable drivers and delivery people to make the most of their earnings through exclusive cashback rewards."

Qualifying cardholders will also be eligible for the Backup Balance feature, enabling drivers and delivery people to access up to $50 when they need it most.

"App-based workers, including drivers and delivery people on Uber, play an integral part in our economy and they require flexible financial products to meet their unique needs," said Balinder Ahluwalia, senior vice-president, market development, MasterCard, in Canada. "Through this partnership with Uber and Payfare, we are enabling app-based workers to scale their business by providing them with cash flow when they need it most."

The Uber Pro Card will be available via mobile wallets and enables seamless contactless payments, so drivers and delivery people can begin spending immediately. They can track earnings, transfer funds, earn rewards and manage savings all through the Uber Pro Card app.

"Uber is our longest-tenured app-based platform partner and we are pleased to expand our partnership with the all new Uber Pro Card in Canada," said Marco Margiotta, chief executive officer and founding partner of Payfare. "Free instant access to earnings and tailored incentives for gig workers help our cardholders every day while also benefiting our app-based platform partners with increased engagement of drivers and delivery people."

The Uber Pro Card is a MasterCard business prepaid card which can be used at all MasterCard acceptance points, offering flexibility. The card also provides built-in tools and benefits to help drivers and delivery people better manage cash flow, keep records and safeguard their devices. This includes access to MasterCard Easy Savings, a rebate program to reward small business owners when they spend, Easy Savings Specials, providing offers for business essentials, and other benefits. The Uber Pro Card is separate from the Uber Plus Card that delivery people can use to shop and pay for trips.

About Payfare Inc.

Payfare is a global financial technology company powering digital banking and instant payment solutions for today's gig work force. Payfare partners with leading rideshare and delivery platforms and marketplaces to provide financial health for their work force.