We’re thrilled to be partnering with Branch and Uber Freight to bring fast, reliable payments and carrier-first financial services to the logistics and transportation industries. Uber Freight’s driver-first carrier tools empower trucking companies and their drivers to book loads and manage their businesses seamlessly. Uber Freight has partnered with us and Branch to bring speed, control, and transparency to the carrier payment experience.
Through our modern card issuing platform and Branch’s digital wallet, Uber Freight can pay carriers significantly faster than the industry standard, at no additional cost. Rather than waiting 30 days or longer for traditional accounts payable processes, carriers on Uber Freight can get paid as quickly as two hours after approved proof of delivery, up to a 99.7% reduction in wait time.
“We started Uber Freight with a commitment to empowering carriers of all sizes to get the most out of their workday. We were first to market with transparent pricing and have grown to support the world’s largest network of digital carriers,” said Lior Ron, Head of Uber Freight. “This partnership allows us to continue building our suite of carrier-first tools and offer the small carriers on our platform — the mom and pop shops and new authority carriers just starting their businesses — the opportunity to take advantage of lightning-fast payments, fuel discounts, and other benefits typically reserved for larger carriers. We’re proud to give underserved carriers this competitive edge and help them grow their businesses.”
In addition to faster payments, Branch’s digital wallet features a suite of financial services to help carriers grow their businesses including a fee-free, FDIC-insured checking account and a commercial card specifically designed to enable the fastest carrier settlements in the trucking industry. The Uber Freight Card powered by Branch provides Uber Freight carriers a free-to-use card to easily spend funds from their Branch Wallet, and fuel rewards to support drivers on their biggest expense.
“Uber Freight is not only offering carriers greater customization and visibility in the load booking process but also setting a new standard in the payments experience for the trucking and logistics industry,” said Branch CEO Atif Siddiqi. “With more independent owner-operators than ever, we’re thrilled to partner with Uber Freight and Marqeta to empower a new generation of entrepreneurs with faster payments, increased cash flow, and financial services tailored to carriers’ and drivers’ unique needs.”
We’re seeing growing demand for faster payments and we’re thrilled to partner with Uber Freight, a leader in transportation, to bring our modern card issuing and Branch’s accelerated payments to a new market. Read the full press release at https://www.businesswire.com/news/home/20211025005232/en/Uber-Freight-Partners-with-Marqeta-and-Branch-to-Offer-Faster-Payments-and-Fuel-Rewards-for-Carriers.
Learn about how Marqeta supports on-demand delivery providers here: https://www.marqeta.com/payment-solutions/delivery-services.
