American Express collaborates with Uber for Corporate Travel

American Express, known to be the world's largest card issuer by purchase volume, announced tie-up with on-demand mobility solutions provider, Uber, in India. The tie-up allows AmEx to integrate its Corporate Card programs with Uber's corporate platform 'Uber for Business'. American Express is the first Card to be accepted on the central pay platform of Uber.

Saru Kaushal, Country Business Head, Global Corporate Payments, American Express India, said, "Our Corporate Card program is considered as a preferred expense management solution by world's leading businesses. This new initiative with Uber in India will further bolster our value proposition. Uber for Business is expected to help companies to reduce their car rental expenses by around 60%, while offering increased reliability and transparency. Integration of American Express Corporate Card within the solution will offer added benefit of seamless payment and extended payment terms for our clients."

Companies using American Express Corporate Card Program will now be able to leverage Uber's global presence. Their employees, while travelling for work, can use Uber for Business in any of the 70 countries in which Uber operates. The billing would seamlessly be done at the company account, back in India. What’s more, corporate clients will be entitled to sign-up bonus and usage based benefits, along with bonus Membership Reward® points. They can also avail extended payment terms (51 days credit period).

Arjun Nohwar, APAC Head for Uber for Business said "Uber for Business as a product has been growing at an incredible pace worldwide and we are delighted to have some of the largest Indian corporates adopt it for their official employee travel. We have over 50,000 businesses worldwide that use Uber for Business for their mobility solutions and it has proved to be a more affordable and efficient transportation option for them. We're extremely happy to partner with American Express and look forward to giving their clients a reliable, convenient and economical ride."

'Uber for Business', Uber’s platform for corporate clients, enables companies to set up corporate accounts through which employees can charge their rides directly to their respective companies. Companies get real time access to the rides and spends with Uber dashboard, thus obviating the need to tediously keep a track of individual rides and receipts.

This is a win-win deal for both the partners. Through this partnership AmEx will be able to capture incremental billings in the enterprise ground transportation segment. It will also give the brand an opportunity to acquire Uber for Business' existing and prospective customers for its Corporate Card Program. Similarly, Uber will benefit by promoting its enterprise solution to the American Express corporate client base, faster funds availability and optimized risk management.