DEERFIELD -- Walgreens said it will expand its financial services in coming months by offering a credit card, issued by Synchrony, as well as a prepaid debit card, both of which will be powered by the MasterCard network.
"As we continue to focus on creating new revenue streams, we look forward to exploring and introducing even more health and well-being payment initiatives in the near future," said John Standley, Walgreens president.
Eligible customers will be able to use the Walgreens credit card for purchases at more than 9,000 Walgreens stores, Walgreens.com and via the Walgreens mobile app. The credit cards will closely connect with Walgreens new customer loyalty program, myWalgreens, which launched in November, and cardholders will be able to receive myWalgreens cash rewards and other offers.
The co-branded Walgreens MasterCard will also allow customers to make purchases at other retailers and places of business wherever MasterCard is accepted, the company said.