SAN 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.
The 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.
"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."
In 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 world, supporting
more than 600,000 nonprofits with fundraising, and engaging a
community of more than 377 million consumers and merchants to
contribute to charitable efforts around the globe.
"Nobody should miss their shot at getting vaccinated because
they lack transportation," said Dara
Khosrowshahi, CEO, Uber. "PayPal's generous donation and
support will go a long way to accelerate our efforts to ensure
equitable access to vaccination, and we are excited to partner with
them in the critically important months ahead."
This collaboration is an extension of PayPal's efforts to
support underserved communities across the U.S., which have been
hardest hit by the pandemic. Among those efforts, PayPal provided
access to Paycheck Protection Program loans to minority and
women-owned small businesses, which often struggle to qualify for
financing from traditional financial institutions. PayPal also
committed $535 million to support
Black and minority-owned businesses and communities in the U.S.
This commitment included an empowerment grant program to support
Black-owned businesses in high-need communities, as well as grants
to nonprofit community partners across the nation working to
support and sustain Black and minority-owned businesses and their
communities.
To date, Uber has partnered with PayPal, Walgreens, National
Urban League, National Action Network and the Morehouse School of Medicine in this coalition
effort to address vaccine access. Uber, PayPal and their partners
will continue to build a broad coalition of organizations committed
to breaking down transportation barriers in under-resourced
communities.
About PayPal
PayPal has remained at the forefront of the digital payment
revolution for more than 20 years. By leveraging technology to make
financial services and commerce more convenient, affordable, and
secure, the PayPal platform is empowering more than 377 million
consumers and merchants in more than 200 markets to join and thrive
in the global economy. For more information, visit paypal.com.
About Uber
Uber's mission is to create opportunity through movement. We
started in 2010 to solve a simple problem: how do you get access to
a ride at the touch of a button? More than 15 billion trips later,
we're building products to get people closer to where they want to
be. By changing how people, food, and things move through cities,
Uber is a platform that opens up the world to new
possibilities.
Media Contact: Joshua Criscoe,
jcriscoe@paypal.com
View original content to download
multimedia:http://www.prnewswire.com/news-releases/paypal-joins-uber-in-coalition-to-address-barriers-to-covid-19-vaccine-equity-301236577.html
SOURCE PayPal Holdings, Inc.