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Wellness For Your Wallet: Walgreens Jumps Into Financial Services With Debit Cards

Wellness For Your Wallet: Walgreens Jumps Into Financial Services With Debit Cards KEY POINTS It s part of a broader exploration of financing options such as paying in installments It comes as states turn away from Walgreens for COVID-19 vaccine distribution Pharmacy giant Walgreens has announced it will offer its own credit card in partnership with Mastercard and Synchrony. According to a company press release, it’s part of a broader push by Walgreens to offer customers more flexible financing options. The new programs include a debit card, and can be used with full functionality in stores unrelated to Walgreens. Consumers will be able to earn rewards, along with bonuses for shopping at any pharmacy.

Walgreens Expands Financial Services Business Strategy, in Partnership with Synchrony and Mastercard

Walgreens Expands Financial Services Business Strategy, in Partnership with Synchrony and Mastercard Walgreens Expands Financial Services Business Strategy, in Partnership with Synchrony and Mastercard Walgreens is expanding its financial services offering in partnership with Synchrony (NYSE: SYF) and Mastercard (NYSE: MA), as part of its ongoing commitment to offer differentiated healthcare services and benefits to customers. In the coming months, Walgreens will launch credit cards, issued by Synchrony, as well as a prepaid debit card, both of which will be powered by the Mastercard network. The credit cards will closely connect with Walgreens new customer loyalty program, myWalgreens, which launched in November 2020, and cardholders will be able to receive myWalgreens cash rewards and other offers. Additionally, the flagship, co-branded credit card will offer a wider range of benefits provided through Synchrony and Mastercard when used at other retailers and service providers

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