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Uber's CEO Travis Kalanick recently told Fortune he expects the

Aug. 31, 2018 by Elizabeth Duran

Uber's CEO Travis Kalanick recently told Fortune he expects the current scheme to become more common as drivers are put into a more "open and transparent" business. "When our drivers are on the road or through the car, it's more straightforward than with an Uber-like business model," Uber CEO Travis Kalanick said, according to Fortune. (Uber's current drivers currently use their own vehicles for travel.)

Uber previously said it will not provide services like Uber Pay to "entrepreneurial" drivers, although it did say it will be an "investment vehicle" for those who want to "invest" in Uber's "shared services."

"In order for us to be a viable business model, we have to be a competitive business model… We will be investing in our drivers," Uber said in a letter dated March 24. "We have long been working on and working on partnerships with various industries that are in our path to becoming a competitive driver-share scheme in the future. We intend to continue to make investments in those sectors in order to help ensure that our drivers are the best on the road and the most accessible to riders."

The company will now be paying drivers and hosts $300 a month in company shares over the next few months, which would make Uber a net investor in drivers' shares, according to a statement on Uber's website. The company also expects some new investment in those drivers and hosts, including in driver-sharing options and service like Uber Pay.

"This is not a new concept, but a very important one for us," Uber's CEO Travis Kalanick said in the company's latest letter.

Uber Pay already makes payments to drivers with company shares, but not to drivers with "entrepreneurial" credentials.