Uber, PayPal, and Walgreens Roll Out Vaccine Access Fund For Underserved Communities

Anusuya Lahiri
·1 min read

  • PayPal Holdings Inc (NASDAQ: PYPL), Uber Technologies Inc (NYSE: UBER), and Walgreens Boots Alliance Inc (NASDAQ: WBA) launched a new Vaccine Access Fund for vaccine access effort donations to connect underserved communities and people lacking transportation to COVID-19 vaccination sites.

  • Additionally, customers can donate to the Vaccine Access Fund directly through the Uber app under a new donate feature braced by PayPal Giving Fund.

  • The initiative came after the trio’s announcement regarding underserved communities’ increased access to vaccines.

  • The alliance donated $11 million to the Vaccine Access Fund to provide free rides for underserved communities to the vaccination site. People can support the initiative by donating to PayPal Giving Fund.

  • Donations to the Vaccine Access Fund will be granted to and managed by the community development organization Local Initiatives Support Corporation.

  • Uber also introduced its new donate feature, enabling customers to contribute to the cause through the Uber app.

  • PayPal made a corporate donation of $5 million to fund additional free or discounted rides.

  • Price action: PYPL shares traded higher by 0.74% at $268.7, UBER shares traded higher by 3.73% at $59.82, and WBA shares traded higher by 0.85% at $54.64 on the last check Monday.

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