THE WHAT? Walgreens is increasing its monetary providers in providing in partnership with Synchrony and Mastercard. The W(BA)-owned drugstore chain is poised to launch co-branded Mastercard credit score and pre-paid debit playing cards, which can provide myWalgreens cash rewards.
THE DETAILS The brand new playing cards would be the first in a variety of recent monetary services deliberate by the US retailer. Walgreens stated that it plans to discover ‘a lot of Mastercard options throughout the funds expertise ecosystem’.
THE WHY? As footfall continues to dwindle, retailers are exploring numerous income streams. As John Standley, Walgreens President, explains, “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 associate with Synchrony and Mastercard, who share our dedication to assist wholesome communities. As we proceed to concentrate on creating new income streams, we look ahead to exploring and introducing much more well being and well-being fee initiatives within the close to future.”