SAN FRANCISCO—Lyft has announced a new effort to help its drivers, who are independent contractors, better manage their finances.
The ride-hail company, which just went through its IPO, unveiled a broad set of new economic incentives for drivers, including no-fee bank accounts, debit cards, vehicle maintenance, and deals on rental cars, the Verge reported.
Lyft will also be opening a series of brick-and-mortar repair centers across the country where drivers can get discounts on maintenance and car washes.
“It's a way for Lyft to help drivers save money without actually increasing fares or decreasing the percentage of each payment Lyft takes for itself,” the Verge stated.