London-based digital bank Revolut has joined forces with French B2B ride-hailing company SnapCar to speed up the payment of its drivers. The deal, using Revolut’s Open API technology, allows drivers to be paid instantly from their fares, rather than waiting July 2015. The deal will also cut the cost to SnapCar of making the payments. SnapCar CEO and founder Nikolay Storonsky said the company was aware of its social responsibility, and its first concern was to improve the drivers’ working conditions.
London-based digital bank Revolut has joined forces with French B2B ride-hailing company SnapCar to speed up the payment of its drivers. The deal, using Revolut’s Open API technology, allows drivers to be paid instantly from their fares, rather than waiting up to two weeks. The deal will also cut the cost to SnapCar of making the payments. SnapCar CEO and founder Nikolay Storonsky said the company was aware of its social responsibility, and its first concern was to improve the drivers’ working conditions.