Uber announces partnership with EBANX for Brazil payments

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Valentina Vitali
Valentina Vitali
FXC Intelligence Research Analyst
Valentina is a Research Analyst at FXC Intelligence, the data sister company of FXcompared. Valentina is passionate about payments and fintech. Valentin enjoys analysing money transfer companies and… Read more
  • Global tech firm Uber, which focuses on rideshares and other on-demand services, will work with EBANX to help improve the customer payment experience.
  • EBANX, a payment processing firm based in Brazil, works with a range of other global corporates, including firms such as Visa.
  • Spokespeople for the two firms agreed that the move was a positive one for users in Brazil.

Global on-demand tech company Uber has announced a new relationship with a Brazilian payment processing company.

Uber, which is known for its ridesharing services and other on-demand options such as its UberEats food delivery platform, said that it is going to be working with EBANX.

Payments processing company EBANX will help customers make online money transfers to settle bills for Uber services.

EBANX will rely on PIX, the instant payments system that was recently launched by the Central Bank of Brazil. Ebanx will provide real-time processing of payments carried out by Uber’s customers through PIX, which do not require the use of a credit or debit card.

The company will become the only payment processing partner of Uber when it comes to managing the payments.

In a statement to the press, a spokesperson for EBANX described the PIX service as a way of boosting “financial inclusion” in the country, which is a major South American economy.

Henrik Nilsmo, the chief commercial officer of EBANX, went on to describe the relationship with Uber in positive terms – saying that it would help to meet customer requirements.

“We truly believe that PIX will be a milestone of financial inclusion in Brazil, bringing millions of Brazilians into the digital economy,” he said.

“We are happy to partner with Uber for this new payment method, offering more options for Brazilians to enjoy their services, and addressing Uber’s needs of payments, localization and good user experience through our solutions,” he added.

For Uber’s part, a senior figure there said that the pairing would help to “make life easier” for Brazilians.

Claudia Woods, general manager for Uber Brazil, said: “We want to offer a new payment experience to our millions of users that is aligned with the objective to always provide and think of ways to make life easier through technology.”

The relationship between EBANX and Uber is not a new one either.

The two firms are already collaborating through their joint work on Uber Cash – this particular partnership kicked off in 2019.

EBANX also has a number of other major partners on the global corporate scene.

Some of these firms, such as household name Visa, are in the financial sector.

Its wallet product, known as EBANX GO, has around 10,000 consumers associated with it.

It was launched on an experimental basis earlier this year.

Are you on the hunt for more information about the cross-border payments industry and how you can ensure a good service?

If so, why not read reviews of some other key providers in this sphere?


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