B2B Payments

Uber Capitalizes On Its Corporate Popularity

For the first time this year since data had been collected on the matter, on-demand ride-share service Uber provided trips to more business travelers than traditional taxis did.

Uber seems to be capitalizing on its new popularity among the corporate world. The mobile app will soon launch the Business Profiles feature, a service that allows corporate travelers to switch between their personal and business accounts more seamlessly.

[bctt tweet=”Uber seems to be capitalizing on its new popularity among the corporate world. “]

The new tool was announced by Uber on Monday (Sept. 14).

“We realized that business trips on Uber weren’t seamless yet,” said Uber for Business Lead Max Crowley. “People had to remember to switch between their personal and business accounts and had to deal with receipts individually.”

Now, with the new service, users can more easily track and organize their trips, making it a bit more frictionless to aggregate what they need when it comes time to file a travel expense report with their company.

The initiative is part of Uber for Business, the program launched by the company to provide corporate-specific services for its business travelers amid growing popularity in the demographic. Reports said Uber for Business is available in more than 300 cities across the globe, but the company said Monday that the U.S. is its largest corporate traveler market.

Last July, travel and expense service firm Certify revealed that Uber officially surpassed the traditional taxi cab as the most popular method of corporate travel, with Uber accounting for 55 percent of expense report receipts (compared with 43 percent for taxis).

That data followed separate data from the Association of Corporate Travel Executives, which revealed that 20 percent of corporate travelers said their companies allow use of Uber for business transit. An additional 20 percent said their businesses are considering it. The survey was released last March, suggesting a quick uptick in corporate use of Uber services in only the last few months.

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