US-based companies Synchrony Financials and Verizon Wireless have partnered to launch Verizon’s co-branded consumer credit card.
The card is designed specifically for Verizon customers and Synchrony will serve as the exclusive dealer.
Further details about the card’s features have not been revealed.
Verizon’s new credit card from Synchrony is slated to launch during the first half of this year.
Verizon stated that customers can stay updated about the card by visiting its website.
With this partnership, Synchrony will be able to gain access to 150 million Verizon’s customer base in the US, while Verizon will be able to team up with a leading card issuer.
Synchrony CEO Margaret Keane said: “We are thrilled to be working with Verizon as they continue to bring innovation to their customers. This partnership is a great growth opportunity for Synchrony as we continue to diversify our portfolio.”
Verizon consumer group executive vice president and group CEO Ronan Dunne said: “Verizon’s loyal customers expect the best possible experiences and today’s announcement extends that commitment to the credit card market.”
Synchrony has 80.3 million accounts across the US and Canada. It has over $140bn sales financed.
Verizon generated revenues of $130.9bn in 2018. It offers voice, data and video services.