Press release
PayPal Joins Uber in Coalition to Address Barriers to COVID-19 Vaccine Equity
PayPal commits $5 million to fund free or discounted Uber rides to vaccination sites in underserved communities in support of White House national vaccination
About this update from Paypal Holdings, Inc.
[{"type":"text","content":"PayPal commits $5 million to fund free or discounted Uber rides to vaccination sites in underserved communities in support of White House national vaccination effort\n Companies will work together to mobilize customers interested in contributing to equitable vaccine access effort\n\n\nSAN JOSE, Calif., Feb. 26, 2021 /PRNewswire/ -- PayPal Holdings, Inc. (NASDAQ: PYPL) today announced it has joined Uber Technologies, Inc.'s (NYSE: UBER) effort to provide free or discounted rides to vaccination sites in the U.S. to help ensure transportation is not a barrier to vaccine access. In December 2020, Uber committed up to 10 million free or discounted rides to help ensure transportation is not a barrier to getting a vaccine. PayPal is making a corporate donation of $5 million to fund additional free or discounted rides and will work with Uber to explore ways to leverage its giving platform to mobilize customers who are interested in contributing to the vaccine access effort.\n\n \n \n \n \n \n \n\n \nThe coalition announcement follows a call to action issued by the White House earlier today for corporations to help support national vaccination efforts. Uber, PayPal and Walgreens are building the coalition to increase access to vaccines, with a focus on addressing the needs of underserved communities.\n\"Over the past year, we have deployed our products, services and resources to help our customers and communities navigate the impacts of the pandemic,\" said Dan Schulman, president and CEO, PayPal. \"We are proud to join forces with Uber to extend these efforts to ensure that transportation is not a barrier to vaccine access, especially for those in under-resourced communities. Through this collaboration, we can deliver meaningful impact and forge a path to an inclusive recovery.\"\nIn addition to its direct corporate contribution, PayPal is working with Uber to explore ways to engage PayPal's giving platform to support vaccination efforts. PayPal has extensive experience in mobilizing customers to support the cause and relief efforts close to their hearts. Together, the companies will partner with PayPal Giving Fund and encourage inspired individuals to give what they can, and Local Initiatives Support Corporation will take the lead to distribute funds to local partners. PayPal is one of the largest digital donation platforms in the worl...