According to the announcement, customers in the U.S who are ordering food and transfers via Uber can pay with a linked bank account, credit card or debit card and in a couple of weeks they will also be able to pay with their Venmo balance. As a result of this easy-to-use app connection, users can easily split the cost with friends and colleagues without paying any additional fees.
Moreover, according to the company announcement, users will be able to share their purchases in their Venmo feeds by suing emojis that are exclusive to the partnership.
Bill Ready, the Chief Operating Officer at PayPal, says “Adding Venmo as a way to pay within Uber and Uber Eats furthers our mission to provide a seamless way to pay for the services that matter most to our customers.” He also states that he payment with Venmo will provide customers with a convenient and fun way to split and share their experiences with friends, regardless of whether they are splitting a ride home or sharing a meal.
Uber is the first company to have branded emoji in the app. This partnership will eliminate the awkwardness that comes with cash and checks when paying for Uber rides and Uber eats.