Lyft optimises the driver and passenger experience with Stripe
With over 700,000 drivers providing nearly one million rides per day, Lyft uses Stripe to power payments at scale. Lyft also partnered with Stripe to build Express Pay, a first-of-its-kind feature that allows drivers to cash out whenever they want, instantly.
Products used
More services
Another service
1 unified user account
for APCOA FLOW 10 operating countries
Weeks of time saved
working with Stripe professional services
Months of time saved
in rollout of new payment methods
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Challenge
Lyft’s biggest request from drivers was the ability to get paid more frequently compared to traditional weekly payouts, which meant Lyft needed to find a way to seamlessly pay out drivers at their convenience.
Solution
Lyft worked with Stripe to build Express Pay, which provided drivers the ability to decide when they want to get paid out – typically within a few hours of a ride.
Results
In six months, over 40% of all payouts on Lyft were done over Express Pay. Lyft was able to add value for drivers and attract more drivers to its marketplace.