Uber ties up with Standard Chartered to offer discounted rides

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

"We are confident that our customers will find value in this partnership as we continue to explore avenues to enhance our digitally enabled banking experience," Standard Chartered retail banking head Shyamal Saxena said in a statement.

In India particularly, the cardholders will get a 20% cash-back on all Uber rides, subject to a cash-back cap of Rs 600 per month.

The partnership has also 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 one-of-its-kind multi-market partnership for the two companies,

The bank said that the tie-up is a part of its agenda to deliver simple and convenient banking through digital channels for their increasingly tech-savvy clients.