By Dean Seal

Uber has signed a multi-year global agreement with PayPal that expands its collaboration with the payments company.

The ride-hailing company said Tuesday that the new deal builds on their existing relationship for global card processing and will allow Uber to expand its use of domestic debit network routing in several markets, including the U.S.

Uber will also use PayPal's value-added services and wallet solutions to enhance payment experiences for customers and allow for instant driver and courier payouts via PayPal and Venmo.

The two companies have worked together since 2012.

Write to Dean Seal at dean.seal@wsj.com

(END) Dow Jones Newswires

September 12, 2023 09:35 ET (13:35 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.
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