Walgreens to launch co-branded Mastercard credit score and pay as you go debit playing cards, providing myWalgreens money rewards
Walgreens and MasterCard may even discover additional healthcare-oriented providers and cost choices
Walgreens is increasing its monetary providers providing in partnership with Synchrony (NYSE: SYF) and Mastercard (NYSE: MA), as a part of its ongoing dedication to supply differentiated healthcare providers and advantages to prospects. Within the coming months, Walgreens will launch bank cards, issued by Synchrony, in addition to a pay as you go debit card, each of which shall be powered by the Mastercard community.
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The bank cards will intently join with Walgreens new buyer loyalty program, myWalgreens, which launched in November 2020, and cardholders will be capable to obtain myWalgreens money rewards and different provides. Moreover, the flagship, co-branded bank card will provide a wider vary of advantages supplied via Synchrony and Mastercard when used at different retailers and repair suppliers.
The brand new playing cards would be the first in a variety of latest monetary services and products deliberate by Walgreens, to proceed its well being and well-being focus and to reinforce its loyalty program and buyer personalization. Walgreens plans to discover quite a few Mastercard options throughout the funds know-how ecosystem, together with providers reminiscent of perception and analytics, buyer engagement and loyalty, cybersecurity, and point-of-sale financing, together with installments.
“Walgreens is dedicated to offering our prospects and sufferers with unparalleled loyalty and rewards experiences for managing their well being and well-being, and we’re excited to accomplice with Synchrony and Mastercard, who share our dedication to help wholesome communities,” mentioned John Standley, Walgreens president. “As we proceed to give attention to creating new income streams, we look ahead to exploring and introducing much more well being and well-being cost initiatives within the close to future.”
Eligible prospects will be capable to use the Walgreens bank card for purchases at greater than 9,000 Walgreens shops, Walgreens.com and through the Walgreens cellular app. They are going to have entry to contactless purchasing experiences and mobile-first cash administration options in addition to the chance to earn accelerated rewards. Those self same prospects may even be capable to use the flagship, co-branded bank card to make purchases at different retailers and locations of enterprise wherever Mastercard is accepted, and earn rewards, together with accelerated rewards when purchasing merchandise within the well being and wellness class, an space Walgreens champions in communities throughout America.
“Synchrony is proud to be Walgreens’ accomplice of selection for this new Walgreens Mastercard,” mentioned Brian Doubles, President of Synchrony. “Walgreens champions the well being and well-being of communities, and with our know-how and healthcare financing experience, we are going to be a part of forces to create handy cost options and digital experiences to assist prospects pay for his or her on a regular basis purchases.”
“We perceive the crucial have to prioritize the buyer expertise in a means instantly related to their on a regular basis lives, and this card is consultant of that,” mentioned Linda Kirkpatrick, president of North America at Mastercard. “We’re proud to be teaming up with Walgreens and Synchrony to additional join their prospects to the digital economic system and improve the buyer well being and pharmacy expertise via our differentiated know-how and established function in healthcare.”
The brand new Walgreens bank cards are slated to be obtainable within the second half of this 12 months.
About Walgreens
Walgreens (www.walgreens.com) is included within the Retail Pharmacy USA Division of Walgreens Boots Alliance, Inc. (Nasdaq: WBA), a world chief in retail and wholesale pharmacy. As America’s most cherished pharmacy, well being and wonder firm, Walgreens objective is to champion the well being and wellbeing of each neighborhood in America. Working greater than 9,000 retail places throughout America, Puerto Rico and the U.S. Virgin Islands, Walgreens is proud to be a neighborhood well being vacation spot serving roughly 8 million prospects every day. Walgreens pharmacists play a crucial function within the U.S. healthcare system by offering a variety of pharmacy and healthcare providers. To finest meet the wants of shoppers and sufferers, Walgreens provides a real omnichannel expertise, with platforms bringing collectively bodily and digital, supported by the newest know-how to ship high-quality services and products in native communities nationwide.
About Synchrony
Synchrony (NYSE: SYF) is a premier client monetary providers firm. We ship a variety of specialised financing applications, in addition to progressive client banking merchandise, throughout key industries together with digital, retail, dwelling, auto, journey, well being and pet. Synchrony permits our companions to develop gross sales and loyalty with shoppers. We’re one of many largest issuers of personal label bank cards in america; we additionally provide co-branded merchandise, installment loans and client financing merchandise for small- and medium-sized companies, in addition to healthcare suppliers. Synchrony is altering what’s potential via our digital capabilities, deep trade experience, actionable knowledge insights, frictionless buyer expertise and customised financing options. For extra info, go to www.synchrony.com and Twitter: @Synchrony.
About Mastercard
Mastercard is a world know-how firm within the funds trade. Our mission is to attach and energy an inclusive, digital economic system that advantages everybody, in all places by making transactions protected, easy, sensible and accessible. Utilizing safe knowledge and networks, partnerships and fervour, our improvements and options assist people, monetary establishments, governments and companies notice their best potential. Our decency quotient, or DQ, drives our tradition and the whole lot we do inside and out of doors of our firm. With connections throughout greater than 210 international locations and territories, we’re constructing a sustainable world that unlocks priceless potentialities for all.
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Contacts
Walgreens
Morry Smulevitz or Scott Goldberg
media@walgreens.com
Synchrony
Angie Hu
Angie.Hu@syf.com
Mastercard
William Tsang
William.Tsang@mastercard.com
