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MoneyGram shares surge after coronavirus partnership with Uber

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Shares of MoneyGram surged 16 percent Tuesday on news it will team up with Uber to support drivers and delivery couriers during the coronavirus pandemic by offering a discount on digital money transfers sent to family and friends in over 200 countries and territories.

“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,” said MoneyGram Chairman and CEO Alex Holmes in a statement Tuesday. “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

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