Foreign lender Standard Chartered Bank 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 Rs. 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 tie—up is a part of its agenda to deliver simple and convenient banking through digital channels for increasingly tech—savvy clients.
DO YOU KNOW?
Standard Chartered Bank
The Chartered Bank began when Queen Victoria granted a Royal Charter to Scotsman James Wilson in 1853.
Chartered opened its first branches in Mumbai, Kolkata and Shanghai in 1858, followed by Hong Kong and Singapore in 1859.
The Bank started issuing banknotes of the Hong Kong dollar in 1862.
Standard Chartered PLC is a British multinational banking and financial services company headquartered in London.
It operates a network of more than 1,200 branches and outlets across more than 70 countries and employs around 87,000 people
Headquarters: London, United Kingdom
CEO: Bill Winters
Founded: 1969, London, United Kingdom
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