April 3, 2018Blog Posts

Walmart launches global money transfer service

Finextra:

Retailer Walmart is pushing further into the financial sector through a service that lets people transfer money from its US stores to 200 countries. The firm has teamed up with Moneygram on Walmart2World, promising simple, low fees and competitive exchange rates. Transfers can be made from 4700 stores and take less than 10 minutes, with the funds delivered to agent locations around the world or into international bank or mobile wallet accounts. The service builds on Walmart2Walmart, a domestic money transfer service launched four years ago which the company says has saved customers nearly $700 million in fees.Image result for Walmart2World

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