Bike Share Toronto and Tangerine Bank partner to help move Toronto forward

Tangerine Bank is the new Exclusive Presenting Partner of the Bike Share Toronto program.

Through this five-year partnership, Tangerine Bank will work alongside Bike Share Toronto to expand the program and support the City in achieving its TransformTO Net Zero Strategy objectives.

This exciting partnership between Bike Share Toronto and Tangerine Bank, announced by Toronto Deputy Mayor Jennifer McKelvie and Toronto Parking Authority President Scott Collier on May 4, will help create simple and easy ways to move Toronto forward. The partnership will support numerous Bike Share Toronto initiatives included in its Four-Year Growth Plan:

• The addition of 380 stations and expansion of the network to all of Toronto's 25 wards, prioritizing neighbourhoods where residents have the greatest need for access to affordable mobility options;
• Connecting more residents and visitors to transit by adding more Bike Share stations at and near transit stops to encourage multimodal travel and support active transportation for first/last mile travel;
• Actively contributing to the City's TransformTO Net Zero Climate Action Strategy target of 75 percent of all work and school trips under five (5) km being made by walking, cycling, and transit by 2030; and
• Elevate and innovate the digital customer experience.

These important changes will help ensure equitable access to the system and enhance Bike Share Toronto's connectivity to public transit. Tangerine Clients will receive up to 2% cash back when they select "transportation" as a reward category on their Tangerine MasterCard and use the Card to pay for Bike Share memberships and passes. In addition, Tangerine Bank will also donate one-year Bike Share Toronto memberships to unhoused youth through its community partners, Youth Without Shelter and The 519, to further improve system accessibility.

"Bike Share Toronto is an integral part of our city's transit ecosystem," said Jennifer McKelvie, Toronto's Deputy Mayor. "This partnership is good news for Bike Share Toronto and good news for our city. It will help us continue to grow and improve Bike Share across our city so more and more residents and visitors are able to use the program."

"Our number one priority at Tangerine is our customers. This partnership is an excellent example of our commitment to combine our superior digital experience and innovation together with the City of Toronto to provide a simple, affordable and sustainable approach to mobility for Torontonians and our visitors," said Gillian Riley, President and CEO of Tangerine Bank.

"Tangerine Bank is the ideal partner for Bike Share Toronto because the bank is known for its focus on the customer, delivering industry-leading partnerships, and bringing a level of commitment and enthusiasm to each of its community programs," said Scott Collier, President of the Toronto Parking Authority. "We are confident that this relationship will help improve the Bike Share Toronto program and allow more Torontonians to benefit from this important part of Toronto's transportation network.