Sunday , February 28, 2021

Walmart Adds to Its Financial Services With Western Union Money Transfers at U.S. Stores

Walmart Inc. is adding money-transfer services from The Western Union Co. to its more than 4,700 U.S. stores this spring, the giant retailer announced Tuesday.

Western Union will be the third money-transfer provider to be offered at Walmart stores, joining MoneyGram International Inc. and Ria, a subsidiary of Euronet Worldwide Inc. Consumers shopping at Walmart will be able transfer money via Western Union domestically and internationally. 

“The addition of Western Union will be additive to our current marketplace model, providing customers more choice than ever before,” Walmart says in a statement issued to Digital Transactions News. “When Western Union money services become available at Walmart stores in the spring of 2021, Walmart will become the first major retailer in the United States to provide international and domestic money transfers through multiple money transfer principals, including Western Union, Ria, and MoneyGram.”

The service is part of Walmart2Walmart white-label money transfer service Walmart announced in 2014, which the retailer said in 2019 would offer other brands.

Walmart says the addition of Western Union services is not related to a new fintech it is developing with Ribbit Capital. 

Denver-based Western Union said in November its real-time digital payout service was available in 100 countries.   

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