Uber Money will give the company an even tighter grip on its drivers' finances

Uber is starting to look more and more like a bank.

The ride hailing giant unveiled Uber Money, a new division for the company focused on providing financial services for its riders and drivers, starting with debit and credit cards. 

Though Uber has dabbled in these kinds of services in the past, Uber Money represents the company's most significant investment in the space. The move will also likely prompt criticism for the company, which has faced pushback over low wages and its resistance to providing benefits to drivers.

Uber Money is the company's most aggressive push into financial services.

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via Tech News Digest