08:05 AM EDT, 08/27/2024 (MT Newswires) -- Lyft ( LYFT ) said Tuesday it is collaborating with Payfare to add new features to the Lyft Direct debit card and banking app for drivers.

Drivers on Lyft's ( LYFT ) ride-hailing platform now have access to automatic transfers to their Lyft Direct savings accounts, powered by Payfare, as well as an emergency fund feature providing up to $200, Lyft ( LYFT ) said.

New features also include additional cashback rewards and cash ATM deposits at certain locations, according to Lyft ( LYFT ).

Financial details of the partnership were not disclosed.

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