Uber To Team With Brazil’s Banco Inter For Financial Services

A source has revealed that Brazilian lender Banco Inter SA is currently in discussions with Uber about partnering in financial services.

The move is another move by Japan’s SoftBank Group — which is a shareholder in Uber — to integrate its business in Latin America. While the source wouldn’t comment on the terms of a possible deal, it would target the rideshare giant’s drivers and Banco’s more than 3 million clients. Brazil is now Uber’s largest market outside the United States, with São Paulo boasting more Uber rides than any other city in the world.


By Pymnts


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