Uber and HSBC launched Flexpay, a new digital payments solution that enables on-demand cashouts into mobile wallets allowing drivers on the Uber platform to access 100% of their earnings through HSBC net’s payment solution. 

Flexpay will save almost 5% of drivers’ earnings by providing them with a direct and cost-effective way to receive these earnings and increase their liquidity. 

“We are working towards providing more financially inclusive solutions for drivers on the platform, to support them during these challenging economic times, and to accelerate financial inclusion, in line with the “Financial Inclusion Strategy for 22-25” announced by the Central Bank of Egypt, and Egypt’s vision 2030. Egypt is one of Uber’s fastest-growing markets in the world, and this growth drives us to innovate and provide a convenient experience to drivers on the platform, which is why we proudly launched Flexpay to mobile wallets as another global first from Egypt,” said Anabel Diaz, Uber Vice President, and Regional General Manager for the Mobility Business in Europe, Middle East, and Africa.