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MoneyGram and Uber Launch Partnership To Support Drivers

MoneyGram International, Inc. (NASDAQ: MGI), a global leader in cross-border P2P payments and money transfers, today announced a partnership with Uber to provide drivers and delivery couriers a discount on digital money transfers sent to family and friends in over 200 countries and territories.

MoneyGram International stock has spiked 16% after announcing a partnership with Uber to provide drivers and delivery couriers a discount on digital money transfers. Anyone who earns on Uber’s platform including the Driver app, Uber Eats, Uber Freight, and Uber Works is eligible for the discount. The promotional partnership initially launches in the U.s., Canada, Australia, and the U.K.

Alex Holmes MoneyGrams CEO said:

“We’re thrilled to launch this partnership with Uber to serve everyone earning on the Uber platform – many of whom frequently send money back home to friends and family.”  Our companies have significant overlap in the populations we serve, and drivers know and love the MoneyGram brand. In fact, this partnership is a direct result of customer feedback, and we’re proud to provide drivers with affordable access to our global platform during this challenging season brought about by the COVID-19 pandemic.”

 

Kamila Chytil, MoneyGram Chief Operating Officer and leader of the company’s digital efforts said:

“As strong demand for our digital capabilities continues to grow, we look forward to providing discounts on all money transfers made through our mobile app and website to everyone earning on the Uber platform”

Who recalls this video from last year from Asheesh Birla? Have a close listen. Moneygram is the backdoor in Uber.

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