About 14% of U.S. households, or 19 million, were considered underbanked in 2023 and may rely on cash to pay for services, the Federal Deposit Insurance Corporation said in a November report on the state of unbanked and underbanked Americans.
Uber declined to reveal how many trips have been completed using cash since it began the program on March 11, how many riders are verified, or how long its pilot period would last. The company spokesperson also declined to say whether Uber had made any conclusions about further expanding cash payments options.
Super curious to hear how well it's working. They'd only expand it if the initial test proved it viable.