Foreign lender Standard Chartered Bank announced a tie-up with Uber under which its credit cardholders, across six countries, will get a cash-back of up to 25 per cent for hailing cabs from the app.

• In India, the cardholders will get a 20 per cent cash-back on all Uber rides, subject to a cash—back cap of Rs. 600 per month. Additionally, first-time Uber users will get a discount of ₹ 50 for the first three rides.
• Apart from India, the partnership has been activated in Singapore, Indonesia, Malaysia, Vietnam, the bank said in a statement, adding it will go live in the UAE as well.
• This is the first multi—market partnership for the two companies
• The tie—up is a part of its agenda to deliver simple and convenient banking through digital channels for increasingly tech—savvy clients.

DO YOU KNOW?

Standard Chartered Bank

• The Chartered Bank began when Queen Victoria granted a Royal Charter to Scotsman James Wilson in 1853.
• Chartered opened its first branches in Mumbai, Kolkata and Shanghai in 1858, followed by Hong Kong and Singapore in 1859.
• The Bank started issuing banknotes of the Hong Kong dollar in 1862.
• Standard Chartered PLC is a British multinational banking and financial services company headquartered in London.
• It operates a network of more than 1,200 branches and outlets across more than 70 countries and employs around 87,000 people
• Headquarters: London, United Kingdom
• CEO: Bill Winters
• Founded: 1969, London, United Kingdom