Bank's credit cardholders will get a cash-back of up to 25 per cent for hailing cabs from the app.
Bank's credit cardholders will get a cash-back of up to 25 per cent for hailing cabs from the app.
Mumbai
: Foreign lender Standard CharteredBank today announced a tie-up with Uber under which its credit cardholders, across six countries, will get a cash-back of up to 25 per cent for hailing cabs from the app.
-"We are confident that our customers will find value in this partnership as we continue to explore avenues to enhance our digitally enabled banking experience,-" Standard Chartered retail banking head Shyamal Saxena said in a statement.
In India, the cardholders will get a 20 per cent cash-back on all Uber rides, subject to a cash-back cap of Rs 600 per month. Additionally, first-time Uber users will get a discount of Rs 50 for the first three rides.
Apart from India, the partnership has been activated in Singapore, Indonesia, Malaysia, Vietnam, the bank said in a statement, adding it will go live in the UAE as well.
This is the first multi-market partnership for the two companies, the statement said. The bank said that the tie-up is a part of its agenda to deliver simple and convenient banking through digital channels for increasingly tech-savvy clients.
-"There has been a dramatic shift towards digital and cashless payments across the region,-" regional head for retail banking for Asean and South Asia Sebastian Arcuri said.
