Walmart2Walmart Money Transfer Service expands to deliver more
savings to customers
BENTONVILLE, Ark.–(BUSINESS WIRE)–According to the National
Survey of Unbanked and Underbanked Households, nearly 27 percent of
Americans are unbanked or underbanked and rely on services such as wire
transfers as a safe and reliable alternative as they manage their
With millions of customers making money transfers in Walmart stores each
month, Wal-Mart Stores, Inc., along with Ria Money Transfer and
MoneyGram International Inc., is making the necessity of transferring
money even more affordable for customers.
“Our customers tell us they are looking for simple and affordable
solutions that make their lives easier,” said Kirsty Ward, vice
president, Services, Walmart U.S. “Millions of our customers use
transfers as part of their everyday money management – sending funds
regularly to their loved ones and often in times of urgent need. We’re
committed to driving down the cost of sending money, which means
customers keep more of their hard-earned funds.”
Walmart, Ria and MoneyGram today announced a series of changes to their
money transfer services that deliver lower prices, greater convenience
and a simplified fee structure for customers.
The benefits and reach of Walmart2Walmart, a revolutionary low cost
service that enables customers to transfer money to and from Walmart
stores, has expanded. Changes to the service include:
Increasing the transfer limit when sending money via Walmart2Walmart
powered by Ria in the United States –
In 2014, Walmart and Ria introduced the retail industry-first
Walmart2Walmart money transfer program giving customers a low-cost
service that allows them to transfer money to and from more than
4,600 Walmart stores nationwide at a lower cost than competitors.
Customers can now send up to $2,500 for $18 when using the
exclusive transfer service. Previously, the limit was $900.
Competitive offerings charge up to $50 to transfer $2,500.
- In 2014, Walmart and Ria introduced the retail industry-first
Expanding Walmart2Walmart to include transfers to Walmart Mexico
stores, powered by MoneyGram.
Customers can send up to $800 for $6.50 or less from any Walmart
store in the U.S. to any of the more than 1,200 Walmart stores in
More than 18 percent of international money transfers from the
United States are sent to Mexico with many of them both starting
and ending in Walmart stores. Walmart operates in Mexico under the
banners Walmart, Superama, Bodega Aurrera and Mi Bodega Aurrera.
With Walmart2Walmart Mexico, powered by MoneyGram, customers can
save up to 20 percent when compared to other international money
transfer options and know that their funds are being transferred
quickly and safely.
- Customers can send up to $800 for $6.50 or less from any Walmart
MoneyGram Domestic Money Transfers at Walmart
MoneyGram has lowered the service fees on transfers within the U.S. for
funds sent over $2,500, exclusively at Walmart. Customers will now pay
1.2 percent on face value of transfers over $2,500. These changes will
result in savings of up to $80 in fees when compared to competitive
offerings of 2 percent.
Ria and MoneyGram are the licensed money transfer operators for all
money transfer transactions at Walmart and Walmart acts as the
authorized agent of the two companies.
Money transfer services are just one of many financial services offered
at local Walmart MoneyCenters and Walmart Customer Service desks. Other
services include check cashing, bill pay, money orders, tax preparation
services and Card programs with the Walmart Credit Card, Walmart
MoneyCard and Bluebird.
For more information, please visit: www.walmart.com/moneycenter.
Wal-Mart Stores, Inc. (NYSE: WMT) helps people around the world save
money and live better – anytime and anywhere – in retail stores, online,
and through their mobile devices. Each week, nearly 260 million
customers and members visit our 11,539 stores under 63 banners in 28
countries and e-commerce websites in 11 countries. With fiscal year 2016
revenue of $482.1 billion, Walmart employs approximately 2.3 million
associates worldwide. Walmart continues to be a leader in
sustainability, corporate philanthropy and employment opportunity.
Additional information about Walmart can be found by visiting http://corporate.walmart.com
on Facebook at http://facebook.com/walmart
and on Twitter at http://twitter.com/walmart.
Ria, a subsidiary of Euronet Worldwide, Inc. (NASDAQ:EEFT), is a global
leader in money remittances. Ria offers fast, secure, affordable money
transfers through a network of approximately 314,000 global agents
spanning 144 countries and online at www.riamoneytransfer.com.
The company is steadfast in its commitment to its customers and remains
ingrained within the communities in which they live.
MoneyGram (NASDAQ: MGI) is a global provider of innovative money
transfer services and is recognized worldwide as a financial connection
to friends and family. Whether online, or through a mobile device, at a
kiosk or in a local store, we connect consumers any way that is
convenient for them. We also provide bill payment services, issue money
orders and process official checks in select markets. More information
about MoneyGram International, Inc. is available at moneygram.com.
Wal-Mart Stores, Inc.
Molly Blakeman, 1-800-331-0085