People wearing masks walk in a crosswalk near a Walgreens on September 30, 2020 in New York City.
Alexi Rosenfeld | Getty Images
Walgreens said Wednesday it will offer a growing list of financial products for customers — including a co-branded credit card and a prepaid debit card — as it tries to win more of their wallets and help them manage pricey medical expenses.
The credit cards will launch in the second half of this year. They will be part of the Mastercard network and issued by Synchrony. They will be linked to Walgreens’ new loyalty program, which the company relaunched in November with a new name, perks and Covid pandemic-inspired features, such as curbside pickup and delivery through DoorDash and Postmates.
Walgreens and its drugstore peers are adapting to fast-changing consumer behaviors that have accelerated during the pandemic. Walgreens has looked to new business opportunities, including a deal with VillageMD to open hundreds of primary care clinics at its stores.