Bolt has introduced an on-demand cash withdrawal feature dubbed Early Cash-Out to enable drivers to withdraw their earnings instantly.
The earnings include bonuses, passenger discounts, and card payments as and when they need it.
The feature will improve cash liquidity for drivers’ by ensuring they have more accessible and faster access to their earnings whenever they need it without necessarily waiting for one week previously.
Bolt Regional Manager, East Africa Kenneth Micah is optimistic the feature will offer drivers convenient, faster, and effortless accessibility to their earnings in real-time.
In turn, increasing their productivity, workflow, and overall financial well-being.
Further, the Cashout feature will process payments directly to drivers’ mobile wallets (such as M-Pesa).
And is available to Bolt drivers and riders once per day.
Early Cash-Out requests are processed almost instantly in Kenya.
Bolt is a responsible brand that is constantly looking for innovative ways and opportunities to improve the economic welfare of driversadded Micah.
The feature is accessible to all Bolt drivers at a fee of KES 70, a third-party processing cost.