Ride-hailing app Uber has formed a global fintech team called Uber Money at its tech centre in Hyderabad, India.
The newly formed team consists of 100 technology professionals and is the first of its type in Asia Pacific.
The team will focus on incorporating upgrades such as real-time earnings, updated debit accounts and debit cards for drivers.
At the same time, the fintech firm aims to work on a wallet and credit card for riders.
It will also work on developing compliance tools and applying artificial intelligence for intelligent risk decisions.
Uber engineering director and Hyderabad site lead Naga Kasu said: “The Uber Hyderabad Tech Centre has the best in class fintech talent specialising in risk, payments, financial reporting and analytics platform engineering.
“Besides engineering, we are investing in growing and scaling data science, analytics, and product management organisations to transform Hyderabad into a full spectrum tech site for Uber.”
The ride-hailing firm has similar fintech teams at its tech centres in San Francisco, Palo Alto, New York as well as Amsterdam.