May 11, 2021

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Walgreens Expands Fiscal Providers Business enterprise Approach, in Partnership with Synchrony and Mastercard

5 min read

The MarketWatch Information Division was not associated in the generation of this information.

Walgreens is increasing its monetary companies offering in partnership with Synchrony (NYSE: SYF) and Mastercard (NYSE: MA), as element of its ongoing determination to offer differentiated health care services and advantages to customers. In the coming months, Walgreens will start credit history cards, issued by Synchrony, as nicely as a pay as you go debit card, both equally of which will be driven by the Mastercard community.

This press launch functions multimedia. See the total launch in this article: https://www.businesswire.com/news/household/20210113005513/en/

The credit playing cards will carefully join with Walgreens new consumer loyalty application, myWalgreens, which launched in November 2020, and cardholders will be able to obtain myWalgreens hard cash rewards and other gives. Moreover, the flagship, co-branded credit rating card will offer a broader array of advantages offered via Synchrony and Mastercard when employed at other merchants and provider suppliers.

The new playing cards will be the very first in a selection of new monetary products and solutions and products and services planned by Walgreens, to proceed its well being and nicely-currently being aim and to enhance its loyalty application and customer personalization. Walgreens programs to discover a selection of Mastercard remedies across the payments know-how ecosystem, such as services these as perception and analytics, shopper engagement and loyalty, cybersecurity, and level-of-sale funding, together with installments.

“Walgreens is fully commited to supplying our prospects and sufferers with unparalleled loyalty and benefits encounters for managing their health and fitness and properly-currently being, and we are excited to spouse with Synchrony and Mastercard, who share our dedication to assistance healthier communities,” said John Standley, Walgreens president. “As we keep on to concentration on developing new profits streams, we glance ahead to exploring and introducing even much more wellness and properly-becoming payment initiatives in the near foreseeable future.”

Suitable customers will be in a position to use the Walgreens credit card for buys at additional than 9,000 Walgreens shops, Walgreens.com and by way of the Walgreens cellular app. They will have entry to contactless searching encounters and mobile-first money administration functions as well as the possibility to gain accelerated benefits. These identical consumers will also be ready to use the flagship, co-branded credit rating card to make buys at other vendors and areas of business enterprise wherever Mastercard is acknowledged, and gain rewards, which includes accelerated benefits when browsing items in the wellness and wellness group, an location Walgreens champions in communities across The us.

“Synchrony is proud to be Walgreens’ spouse of choice for this new Walgreens Mastercard,” claimed Brian Doubles, President of Synchrony. “Walgreens champions the overall health and very well-staying of communities, and with our know-how and healthcare financing experience, we will be part of forces to create hassle-free payment alternatives and electronic experiences to aid customers spend for their every day buys.”

“We recognize the important require to prioritize the shopper expertise in a way directly appropriate to their everyday life, and this card is consultant of that,” said Linda Kirkpatrick, president of North The us at Mastercard. “We are happy to be teaming up with Walgreens and Synchrony to more join their buyers to the electronic economic system and enrich the customer wellness and pharmacy practical experience by our differentiated technologies and proven purpose in healthcare.”

The new Walgreens credit rating cards are slated to be obtainable in the next half of this 12 months.

About Walgreens

Walgreens (www.walgreens.com) is provided in the Retail Pharmacy Usa Division of Walgreens Boots Alliance, Inc. (Nasdaq: WBA), a world leader in retail and wholesale pharmacy. As America’s most cherished pharmacy, well being and elegance firm, Walgreens intent is to champion the wellness and wellbeing of each individual neighborhood in The usa. Operating additional than 9,000 retail areas across The us, Puerto Rico and the U.S. Virgin Islands, Walgreens is happy to be a neighborhood well being vacation spot serving approximately 8 million shoppers each and every day. Walgreens pharmacists perform a essential function in the U.S. healthcare procedure by delivering a large array of pharmacy and healthcare solutions. To very best satisfy the needs of consumers and clients, Walgreens gives a real omnichannel experience, with platforms bringing together physical and digital, supported by the newest know-how to produce significant-quality products and solutions and companies in regional communities nationwide.

About Synchrony

Synchrony (NYSE: SYF) is a premier purchaser financial providers firm. We deliver a broad assortment of specialised financing applications, as well as modern purchaser banking goods, throughout important industries which includes digital, retail, house, automobile, travel, health and pet. Synchrony allows our partners to develop product sales and loyalty with consumers. We are one particular of the biggest issuers of non-public label credit rating playing cards in the United States we also present co-branded merchandise, installment financial loans and purchaser financing solutions for tiny- and medium-sized firms, as very well as health care suppliers.Synchrony is changing what’s probable by our electronic abilities, deep industry skills, actionable info insights, frictionless shopper expertise and personalized funding methods.For much more information and facts, check out www.synchrony.com and Twitter: @Synchrony.

About Mastercard

Mastercard is a world-wide technologies company in the payments industry. Our mission is to hook up and ability an inclusive, electronic economic system that advantages anyone, everywhere you go by making transactions harmless, basic, smart and obtainable. Utilizing secure info and networks, partnerships and passion, our improvements and remedies assist people, economic establishments, governments and businesses realize their best possible. Our decency quotient, or DQ, drives our tradition and every little thing we do inside of and exterior of our firm. With connections across additional than 210 countries and territories, we are setting up a sustainable planet that unlocks priceless choices for all.

Look at resource variation on businesswire.com: https://www.businesswire.com/information/residence/20210113005513/en/

Source: Walgreens

Walgreens

Morry Smulevitz or Scott Goldberg

[email protected]Synchrony

Angie Hu

[email protected]Mastercard

William Tsang

[email protected]

COMTEX_377615873/2456/2021-01-13T08:09:37

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