Car rides and coffee go together like… ride-hailing company Lyft and coffee empire Starbucks.
The two companies on Wednesday announced a partnership that lets Lyft drivers and passengers earn My Starbucks Rewards loyalty points that can be redeemed for food and drinks at Starbucks stores. Lyft drivers will also be able to sign up as gold status members in the program.
The partnership pairs Starbuck [fortune-stock symbol=”SBUX”], the 44-year-old coffee chain that dominates its industry, with a tech upstart that is a distant second in its field. Lyft, founded three years ago, is battling rival Uber. With this partnership, Lyft is trying to differentiate itself and help build loyalty.
Retaining drivers is a critical front in the riding hailing wars. Both Lyft and Uber have used aggressive tactics to poach each other’s drivers through big cash rewards. Simple things like letting passengers tip their drivers through the app with Starbucks…
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