Walmart to offer Western Union money transfers
Walmart and Western Union announced a new agreement that will enable Western Union money transfer services at Walmart locations across the US. The services will include domestic and international money transfers, bill payments and money orders. Services will be offered at more than 4,700 Walmart stores with a rollout planned to begin in the spring of 2021.
With access to Western Union, Walmart customers will have the ability to move money in minutes across more than 550,000 retail locations or into bank accounts, wallets, or cards.
“Walmart is much more than a place where customers shop. To millions, it’s also a place they trust for their financial needs as well. We’re thrilled to soon begin offering Western Union money transfer services at Walmart locations nationwide and, together, continue connecting family and friends worldwide through Western Union’s global money movement platform.” – Wilbert Noronha, vice president of financial services at Walmart.
“We are excited to work together with the world’s largest retailer, Walmart, and bring the best of our money movement and payments service capabilities to even more customers in the U.S. and worldwide. Together with Walmart, we have a shared purpose of supporting our customers who rely on us to send money to make everyday purchases including essentials like health care and groceries. In an age when speed, security, convenience and trust mean everything, we are offering customers greater ease, reliability, access and confidence with every transaction.” – Jean Claude Farah, president, global network at Western Union.
The news follows an announcement by Walmart in which it shared that it is developing a fintech proposition in partnership with Ribbit Capital without providing any details on what that entails.