Uber In Partnership With MoneyGram For Driver Discount During Pandemic firstname.lastname@example.org (Ben Mahaney) • May 27, 2020 Uber Technologies Inc. ( UBER ) has entered into a partnership agreement with MoneyGram International ( MGI ), which will provide drivers and delivery couriers with a discount on online money transfers. Shares in MoneyGram surged 10% to $2.12 on the news as of Tuesday’s close. Under the terms of the partnership, all workers on Uber’s platform, including the Driver app, Uber Eats, Uber Freight and Uber Works, are eligible for the discount on money transfers sent to family and friends in over 200 countries. The partnership has now been rolled out in the U.S., Canada, Australia, and the U.K. “The spread of COVID-19 has been hard for everyone, and it has been particularly challenging for people who drive and deliver with companies like ours,” said an Uber spokesperson. “To help those who are supporting loved ones abroad during these uncertain times, we’re excited to partner with MoneyGram.” Shares in Uber declined 0.7% to $34.56 after the ride-hailing company’s stock value more than doubled over the past two months.
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