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Walgreens Expands Monetary Products and services Company Strategy, in Partnership with Synchrony and Mastercard

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DEERFIELD, Unwell., STAMFORD, Conn., Acquire, New York,–(Enterprise WIRE)–Jan 13, 2021– Walgreens is increasing its financial...

DEERFIELD, Unwell., STAMFORD, Conn., Acquire, New York,–(Enterprise WIRE)–Jan 13, 2021–

Walgreens is increasing its financial providers giving in partnership with Synchrony (NYSE: SYF) and Mastercard (NYSE: MA), as section of its ongoing motivation to present differentiated health care companies and rewards to buyers. In the coming months, Walgreens will launch credit cards, issued by Synchrony, as effectively as a pay as you go debit card, each of which will be run by the Mastercard community.

This push release attributes multimedia. Perspective the whole launch right here: https://www.businesswire.com/news/home/20210113005513/en/

The credit cards will intently join with Walgreens new client loyalty application, myWalgreens, which launched in November 2020, and cardholders will be capable to get myWalgreens income rewards and other features. Additionally, the flagship, co-branded credit card will give a broader variety of rewards presented via Synchrony and Mastercard when utilised at other suppliers and service vendors.

The new playing cards will be the very first in a assortment of new financial products and solutions planned by Walgreens, to carry on its well being and well-being emphasis and to improve its loyalty application and consumer personalization. Walgreens plans to discover a number of Mastercard alternatives across the payments technological know-how ecosystem, like products and services these types of as insight and analytics, customer engagement and loyalty, cybersecurity, and issue-of-sale funding, together with installments.

“Walgreens is fully commited to furnishing our shoppers and individuals with unparalleled loyalty and rewards activities for managing their wellbeing and effectively-staying, and we are energized to companion with Synchrony and Mastercard, who share our dedication to support healthy communities,” stated John Standley, Walgreens president. “As we continue on to concentrate on making new revenue streams, we glance forward to discovering and introducing even a lot more well being and properly-remaining payment initiatives in the near potential.”

Qualified consumers will be capable to use the Walgreens credit score card for buys at additional than 9,000 Walgreens merchants, Walgreens.com and by way of the Walgreens cellular app. They will have accessibility to contactless buying activities and mobile-very first revenue administration capabilities as well as the prospect to make accelerated benefits. People similar customers will also be capable to use the flagship, co-branded credit history card to make purchases at other suppliers and spots of small business anywhere Mastercard is accepted, and receive benefits, together with accelerated benefits when purchasing products and solutions in the health and fitness and wellness category, an area Walgreens champions in communities throughout The united states.

“Synchrony is very pleased to be Walgreens’ partner of choice for this new Walgreens Mastercard,” stated Brian Doubles, President of Synchrony. “Walgreens champions the health and perfectly-remaining of communities, and with our engineering and healthcare funding abilities, we will be part of forces to make effortless payment options and digital activities to enable prospects shell out for their day-to-day buys.”

“We understand the essential require to prioritize the buyer expertise in a way right suitable to their everyday lives, and this card is agent of that,” explained Linda Kirkpatrick, president of North The united states at Mastercard. “We are proud to be teaming up with Walgreens and Synchrony to additional link their consumers to the digital economy and increase the client overall health and pharmacy working experience through our differentiated technological innovation and established role in health care.”

The new Walgreens credit score cards are slated to be readily available in the 2nd half of this calendar year.

About Walgreens

Walgreens ( www.walgreens.com ) is involved in the Retail Pharmacy Usa Division of Walgreens Boots Alliance, Inc. (Nasdaq: WBA), a worldwide chief in retail and wholesale pharmacy. As America’s most cherished pharmacy, health and attractiveness business, Walgreens purpose is to champion the wellbeing and wellbeing of every single neighborhood in The usa. Functioning much more than 9,000 retail places throughout The united states, Puerto Rico and the U.S. Virgin Islands, Walgreens is happy to be a neighborhood overall health spot serving roughly 8 million prospects each individual working day. Walgreens pharmacists enjoy a essential role in the U.S. healthcare technique by providing a huge vary of pharmacy and health care companies. To very best meet up with the wants of prospects and clients, Walgreens offers a true omnichannel working experience, with platforms bringing collectively physical and electronic, supported by the hottest technological innovation to produce higher-high quality solutions and expert services in neighborhood communities nationwide.

About Synchrony

Synchrony (NYSE: SYF) is a premier shopper economic companies firm. We provide a vast range of specialized funding packages, as properly as progressive shopper banking goods, across crucial industries which includes digital, retail, home, vehicle, journey, health and fitness and pet. Synchrony enables our partners to grow product sales and loyalty with customers. We are one particular of the greatest issuers of private label credit cards in the United States we also offer you co-branded products, installment financial loans and client financing products and solutions for tiny- and medium-sized enterprises, as properly as health care vendors. Synchrony is switching what’s achievable by our digital capabilities, deep field abilities, actionable information insights, frictionless consumer expertise and custom-made funding options. For a lot more details, take a look at www.synchrony.com and Twitter: @Synchrony.

About Mastercard

Mastercard is a global technological innovation firm in the payments sector. Our mission is to connect and electricity an inclusive, electronic financial state that gains everybody, just about everywhere by producing transactions safe and sound, basic, clever and available. Working with protected details and networks, partnerships and enthusiasm, our improvements and alternatives assistance people today, monetary institutions, governments and organizations understand their biggest potential. Our decency quotient, or DQ, drives our society and anything we do inside and outside of our organization. With connections throughout much more than 210 international locations and territories, we are setting up a sustainable globe that unlocks priceless opportunities for all.

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Make contact with: Walgreens

Morry Smulevitz or Scott Goldberg

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Angie Hu

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William Tsang

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Resource: Walgreens

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

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