Meet Saleem, Payfare’s very first user. Saleem is one of over two million Uber Driver-Partners globally. Like many on-demand economy earners, he would like his payments to be deposited quickly to his bank account. As a new immigrant, he does not have access to traditional credit but remains very determined and driven!
Thanks to Payfare, Saleem now has immediate access to the money he’s earned. He has better cash flow for everyday and unexpected expenses such as bills, groceries, fuel and vehicle maintenance.
Using Payfare, Saleem’s earnings are automatically deposited to his Payfare Mastercard every day (even on weekends and holidays). A simple tap in the Payfare app lets Saleem cash out the earnings he has made throughout the day.
The Payfare Mastercard mobile bank account
Two key offerings of the Payfare service are a free, full-service mobile bank account and companion Mastercard. Driver Partners can shop in-store or online anywhere Mastercard is accepted. They can also withdraw cash from ATM’s, send money, pay bills & more.
For added convenience, Driver-Partners are able to access their account 24/7 online or in-app via their iOS or Android device. Payfare and Mastercard make it easy for Driver-Partners to sign up to drive with Uber, get paid quickly, and start spending.
Unlocking value instantly for Driver-Partners
Driver-Partners love the instant gratification and peace of mind of Payfare’s on-demand banking solution. Today, Payfare is helping thousands of Driver-Partners access their cash by getting paid every day. Here are some key metrics that highlight the value and benefits of Payfare’s service:
In just 90 days since launching in Canada, over 10% of active Driver-Partners have already signed up for Payfare.
83% of Payfare users have used the in-app ‘cash out now’ feature to get their money even faster than Payfare’s traditional daily deposit.
Payfare also provides complimentary roadside assistance and other great benefits such as fuel discounts, insurance, fraud protection and more to make Driver-Partners’ lives easier.
Happy Driver-Partners are speaking up
“I drove taxis for 30+ years and always had cash. It was hard switching to weekly pay when I signed on t