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Walgreens Expands Money Companies Enterprise Strategy, in Partnership with Synchrony and Mastercard

5 min read

DEERFIELD, Ill., STAMFORD, Conn., Purchase, New York,–(Organization WIRE)–Jan 13, 2021–

Walgreens is increasing its fiscal products and services giving in partnership with Synchrony (NYSE: SYF) and Mastercard (NYSE: MA), as component of its ongoing determination to offer you differentiated health care expert services and gains to buyers. In the coming months, Walgreens will start credit score playing cards, issued by Synchrony, as perfectly as a pay as you go debit card, each of which will be run by the Mastercard network.

This push launch attributes multimedia. Look at the entire launch listed here: https://www.businesswire.com/news/household/20210113005513/en/

The credit score playing cards will intently link with Walgreens new buyer loyalty software, myWalgreens, which released in November 2020, and cardholders will be equipped to get myWalgreens hard cash rewards and other delivers. Furthermore, the flagship, co-branded credit history card will offer a broader range of advantages furnished as a result of Synchrony and Mastercard when utilized at other suppliers and support providers.

The new playing cards will be the first in a vary of new monetary products and products and services prepared by Walgreens, to continue its wellbeing and properly-staying emphasis and to boost its loyalty method and shopper personalization. Walgreens designs to discover a range of Mastercard answers throughout the payments technologies ecosystem, including products and services this kind of as insight and analytics, customer engagement and loyalty, cybersecurity, and level-of-sale funding, including installments.

“Walgreens is dedicated to giving our customers and sufferers with unparalleled loyalty and rewards encounters for running their health and fitness and well-getting, and we are enthusiastic to companion with Synchrony and Mastercard, who share our commitment to assist balanced communities,” said John Standley, Walgreens president. “As we continue on to concentration on producing new profits streams, we glance ahead to checking out and introducing even a lot more health and very well-staying payment initiatives in the around foreseeable future.”

Eligible customers will be able to use the Walgreens credit history card for buys at extra than 9,000 Walgreens suppliers, Walgreens.com and by using the Walgreens cellular app. They will have obtain to contactless buying ordeals and cellular-1st cash administration options as properly as the prospect to earn accelerated rewards. Those people identical customers will also be able to use the flagship, co-branded credit score card to make purchases at other vendors and destinations of company wherever Mastercard is recognized, and gain benefits, which includes accelerated rewards when procuring goods in the wellbeing and wellness classification, an location Walgreens champions in communities across America.

“Synchrony is very pleased to be Walgreens’ husband or wife of preference 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 technological know-how and healthcare financing experience, we will join forces to develop handy payment solutions and electronic activities to assist consumers pay out for their everyday purchases.”

“We have an understanding of the crucial need to prioritize the client encounter in a way specifically appropriate to their day-to-day life, and this card is representative of that,” explained Linda Kirkpatrick, president of North The usa at Mastercard. “We are happy to be teaming up with Walgreens and Synchrony to additional link their shoppers to the digital financial system and enhance the shopper health and fitness and pharmacy encounter through our differentiated know-how and established part in health care.”

The new Walgreens credit rating cards are slated to be out there in the next 50 percent of this year.

About Walgreens

Walgreens ( www.walgreens.com ) is incorporated in the Retail Pharmacy United states Division of Walgreens Boots Alliance, Inc. (Nasdaq: WBA), a world-wide chief in retail and wholesale pharmacy. As America’s most loved pharmacy, wellness and splendor organization, Walgreens reason is to champion the health and fitness and wellbeing of each individual local community in The us. Functioning a lot more than 9,000 retail destinations across America, Puerto Rico and the U.S. Virgin Islands, Walgreens is proud to be a community overall health spot serving somewhere around 8 million prospects every working day. Walgreens pharmacists perform a vital purpose in the U.S. health care procedure by offering a wide vary of pharmacy and healthcare solutions. To most effective fulfill the needs of clients and individuals, Walgreens offers a legitimate omnichannel encounter, with platforms bringing alongside one another bodily and electronic, supported by the most up-to-date technological know-how to provide high-high quality products and services in local communities nationwide.

About Synchrony

Synchrony (NYSE: SYF) is a premier customer financial providers firm. We provide a huge array of specialised funding applications, as very well as ground breaking client banking products and solutions, across critical industries which includes digital, retail, house, car, travel, wellness and pet. Synchrony enables our associates to increase product sales and loyalty with individuals. We are just one of the greatest issuers of personal label credit playing cards in the United States we also provide co-branded solutions, installment loans and customer funding items for modest- and medium-sized enterprises, as well as healthcare vendors. Synchrony is altering what is probable as a result of our electronic capabilities, deep sector abilities, actionable details insights, frictionless consumer practical experience and customized funding remedies. For much more information, visit www.synchrony.com and Twitter: @Synchrony.

About Mastercard

Mastercard is a worldwide technology firm in the payments business. Our mission is to link and electricity an inclusive, digital financial system that gains every person, almost everywhere by producing transactions risk-free, uncomplicated, intelligent and accessible. Working with safe information and networks, partnerships and enthusiasm, our improvements and options support folks, monetary establishments, governments and organizations notice their greatest prospective. Our decency quotient, or DQ, drives our lifestyle and almost everything we do inside of and exterior of our company. With connections throughout far more than 210 countries and territories, we are developing a sustainable world that unlocks priceless possibilities for all.

Look at resource variation on businesswire.com:https://www.businesswire.com/news/property/20210113005513/en/

Contact: Walgreens

Morry Smulevitz or Scott Goldberg

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Angie Hu

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William Tsang

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PUB: 01/13/2021 08:09 AM/DISC: 01/13/2021 08:10 AM

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