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 clients. 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 might 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 presents. Moreover, the flagship, co-branded bank card will supply a wider vary of advantages supplied by way of Synchrony and Mastercard when used at different retailers and repair suppliers.
The brand new playing cards would be the first in a spread of recent monetary services and products deliberate by Walgreens, to proceed its well being and well-being focus and to boost its loyalty program and buyer personalization. Walgreens plans to discover a lot of Mastercard options throughout the funds know-how ecosystem, together with providers comparable to perception and analytics, buyer engagement and loyalty, cybersecurity, and point-of-sale financing, together with installments.
“Walgreens is dedicated to offering our clients 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 concentrate on creating new income streams, we stay up for exploring and introducing much more well being and well-being cost initiatives within the close to future.”
Eligible clients will be capable to use the Walgreens bank card for purchases at greater than 9,000 Walgreens shops, Walgreens.com and by way of the Walgreens cellular app. They’ll have entry to contactless purchasing experiences and mobile-first cash administration options in addition to the chance to earn accelerated rewards. Those self same clients 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’ll be a part of forces to create handy cost options and digital experiences to assist clients pay for his or her on a regular basis purchases.”
“We perceive the crucial must prioritize the buyer expertise in a method straight 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 clients to the digital economic system and improve the buyer well being and pharmacy expertise by way of our differentiated know-how and established position in healthcare.”
The brand new Walgreens bank cards are slated to be accessible within the second half of this yr.
Walgreens (www.walgreens.com) is included within the Retail Pharmacy USA Division of Walgreens Boots Alliance, Inc. (Nasdaq: WBA), a worldwide chief in retail and wholesale pharmacy. As America’s most beloved pharmacy, well being and wonder firm, Walgreens function 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 clients every day. Walgreens pharmacists play a crucial position 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 presents a real omnichannel expertise, with platforms bringing collectively bodily and digital, supported by the most recent know-how to ship high-quality services and products in native communities nationwide.
Synchrony (NYSE: SYF) is a premier client monetary providers firm. We ship a variety of specialised financing packages, in addition to revolutionary client banking merchandise, throughout key industries together with digital, retail, house, auto, journey, well being and pet. Synchrony allows our companions to develop gross sales and loyalty with customers. We’re one of many largest issuers of personal label bank cards in the USA; we additionally supply 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 attainable by way of our digital capabilities, deep trade experience, actionable information insights, frictionless buyer expertise and customised financing options. For extra info, go to www.synchrony.com and Twitter: @Synchrony.
Mastercard is a worldwide know-how firm within the funds trade. Our mission is to attach and energy an inclusive, digital economic system that advantages everybody, all over the place by making transactions secure, easy, sensible and accessible. Utilizing safe information and networks, partnerships and keenness, our improvements and options assist people, monetary establishments, governments and companies notice their biggest potential. Our decency quotient, or DQ, drives our tradition and every thing we do inside and outdoors of our firm. With connections throughout greater than 210 nations and territories, we’re constructing a sustainable world that unlocks priceless potentialities for all.
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Morry Smulevitz or Scott Goldberg