Uber Technologies Inc. has taken a significant step in enhancing its global payment operations by widening its collaboration with Dutch payment service provider Adyen N.V. This alliance, which traces back to 2012, is set to improve Uber's payment systems used in over 70 countries worldwide, underpinning Uber's ongoing expansion in both mobility and delivery sectors.
The partnership aims to leverage Adyen's advanced payment platform to incorporate a broader range of alternative payment methods, thereby facilitating Uber's growth in international markets. Expansion into new regions such as the United Arab Emirates, Hong Kong, and the Caribbean is complemented by increased local presence in territories including Japan, Mexico, New Zealand, and Australia.
Trevor Nies, Senior Vice President and Global Head of Digital at Adyen, highlighted that "The expansion of our partnership with Uber underscores a shared commitment to achieving global scale together." This enhanced collaboration is anticipated to enable Uber to integrate new payment options seamlessly and support emerging business lines, notably the rollout of Uber kiosks.
These newly introduced Uber kiosks, first located at LaGuardia Airport, represent a phone-free method for travelers to conveniently book rides, catering especially to users without access to local mobile data plans. Plans are underway to extend availability of kiosks to hotels, maritime ports, and additional international airports, aiming to streamline and improve the travel ecosystem.
Karl Hébert, Uber's Vice President of Global Commerce, affirmed, "A reliable and innovative payment platform is a fundamental requirement for Uber's global growth. Continuing and expanding our partnership with Adyen is key to that." This strategic alliance is integral to Uber's effort to maintain a robust payment infrastructure across diverse markets.
In addition to kiosk implementation, Uber continues to adopt region-specific high-demand payment methods, such as Pix in Brazil, AfterPay in Australia, and WeChat Pay globally. This targeted approach facilitates enhanced payment experiences for users worldwide and expands Uber's accessibility via platforms like the WeChat mini app.
Uber and Adyen's joint efforts focus on pioneering payment innovations alongside new service modalities, ensuring that Uber remains at the forefront of the global mobility and delivery landscape.
From a financial perspective, Uber recently reported its quarterly earnings with revenues reaching $14.37 billion, marking a 20% increase year over year and slightly exceeding analysts' expectations of $14.32 billion. However, adjusted earnings per share (EPS) did not meet projections, registering at 71 cents compared to the anticipated 80 cents.
Following the earnings announcement, shares of Uber Technologies experienced a minor dip during Monday's premarket session, declining 0.16% to $74.65, based on the latest trading data.