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Uber seeks Dutch e-money license


According to Market Intelligence, February 2023


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Uber seeks Dutch e-money license

Uber Technologies Inc. is applying for a payments processing license in the Netherlands as it seeks to diversify its range of services, Sky News reported March 27.

A spokesperson for Uber said the company has filed an application to the Dutch central bank for an e-money license that will allow it to streamline payments across its businesses.

Uber's attempts to be classified as an electronic money firm are being carried out by new subsidiary Uber Payments BV, Sky said, adding that its two-member supervisory board will operate in accordance with company law in the Netherlands, which houses Uber's international headquarters.

The firm is working to regain its license to operate in London after losing it in September 2017. An appeal hearing for the case is set for June.