The Bank of Punjab and Uber Signs Breakthrough MoU

Bank of Punjab and Uber have come up together for signing the Memorandum of Understanding to work together on the green and yellow cab customers for bringing them to the platform of Uber.

The objective behind the signing of MoU is to provide the customers of Yellow Cab and Green Cab an enhancement in the economic feasibility catering to earn more.

With regards to this, Mr. Safee Shah – General Manager of Uber Pakistan said, “The partnership looks forward to build on the flexibility, entrepreneurial opportunity and earning potential of Uber’s innovative technology along with BOP’s financial expertise to bring about a positive change in the earnings of Green Cab & Yellow Cab customers”.

On the other hand, Bank of Punjab’s Head of Retail Finance Division, Mr. Salman Alam Shah said, “BOP had provided Employment Opportunities to thousands of un-employed youth through Chief Minister Punjab Apna Rozgar (Green Cab) and Yellow Cab Schemes. Now, our program is designed to equip our Green Cab Yellow Cab Customers with the right to succeed as entrepreneurs and our arrangements with Uber will enable them to earn better income for their families.”

Uber has become the number one driving app for the people of Pakistan since its launch few months back. It’s serving the needs of thousands of drivers in different cities of Pakistan. The technology has sure proved that riders can now benefit from the technology. There are more than 70% of the drivers who are mere individuals running their self-business by setting up their own schedules.

Headquartered in Lahore, Bank of Punjab is functioning as the international bank having AA ratings, as given by PACRA. It was set up in 1989 and was turned to retail bank in year 1994. It serves as the 7th biggest commercial bank of Pakistan and is ever expanding.

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