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

PayPal Holdings Inc PYPL, Uber Technologies Inc UBER, and Walgreens Boots Alliance Inc 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.