Payment Ecosystem

The wallet is a payment solution within the UBCab ecosystem, offering a growing range of financial services, including BNPL and lending solutions designed to support the financial needs of drivers.

UBCab Wallet is built on a trusted ecosystem that adheres to ISO 27001 and PCI DSS standards, supported by a responsible and experienced professional team.

When withdrawing funds from the wallet to a bank account, the transaction is processed through the banking system and a ₮200 interbank transfer fee applies. This fee is charged directly by the bank. For UBCab drivers, withdrawals to an M Bank account are completely free of charge.

BNPL Fuel Service allows UBCab drivers to purchase fuel in advance and pay for it using their trip earnings. The service amount ranges from ₮20,000 to ₮100,000 and is determined based on the driver’s trip history over the past six months.

Pay Now, Pay Later is a financial service that allows UBCab drivers to purchase essential goods and services upfront and repay the amount using their future trip earnings. The available limit is determined based on the driver’s trip history, debt-to-income ratio, and credit information, with a maximum limit of up to ₮500,000.

CabPay Consumer Loan is a financial service designed exclusively for UBCab drivers. Loan eligibility is determined based on the driver’s six-month active driving history, income, and credit information. UBCab drivers can check their loan eligibility and apply for a consumer loan through the UBCab Driver App by following these steps: Ubcab Driver app → Wallet → Loan → CabPay Loan → Calculate Eligibility