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Uber and Uber Eats are teaming up with Afterpay as customers move away from traditional forms of credit.
The buy now, pay later service – available to Uber and Uber Eats customers in Australia and New Zealand – can be added to a customer’s wallet for takeaway purchases and rideshare trips.
Afterpay CEO Nick Molnar said it would give Uber customers more control over their finances.
“Bringing Uber on board is a perfect representation of Australians continuing to call for Afterpay as a preferred partner in their lives,” Molnar said.
“Afterpay is, and always has been, about providing customers safe and flexible ways to pay in their everyday lives and Uber plays a crucial role in the lives of millions of Australians.
“We’re giving customers greater control over how and when they pay via a seamless addition to Uber Wallet.”
Financial stress is the main driving factor for Gen Zs born between 1996 and 2005 shunning the payment method.