Standard Chartered Bank forms tie-up with Uber:
Standard Chartered Bank which is a Foreign lender 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.
In India, the cardholders will get a 20 per cent cash-back on all Uber rides, subject to a cash—back cap of ₹ 600 per month. Additionally, first-time Uber users will get a discount of ₹ 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 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.