Foreign lender Standard Chartered Bank (SCB) on 10 October 2016 tied-up with Uber under which its credit cardholders will get a cash-back of up to 25 percent for hailing cabs from the app across six countries.
In India, the cardholders will get a 20 percent cash-back on all Uber rides, subject to a cash—back cap of 600 rupees per month. Additionally, first-time Uber users will get a discount of 50 rupees for the first three rides.
The offer will be available to all SCB cardholders from October 2016 to 30 September 2017. Apart from India, the partnership was activated in Singapore, Indonesia, Malaysia and Vietnam.
This is the first multi-market partnership for the two companies.
About Standard Chartered Bank
• Standard Chartered Bank in Singapore is part of an international banking group with around 84000 employees and a 150-year history in some of the world's dynamic markets.
• It opened its first branch in Singapore in 1859 and in October 1999, it was among the first international banks to receive a Qualifying Full Bank (QFB) license.
• The Bank transferred its Singapore Retail and SME business to a locally-incorporated subsidiary, Standard Chartered Bank (Singapore) Limited (SCBSL) on 7 October 2013.
• After the transfer, all banking services particularly deposit taking, wealth management services, personal loans, credit cards, auto financing, and mortgages are offered by SCBSL.
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