Walmart continues expanding its financial services.
The discount giant, which recently announced plans to launch a fintech start-up designed to offer “modern, innovative and affordable financial solutions” to customers and employees with fintech investment firm Ribbit Capital, is now partnering with Western Union. For the first time, Western Union money transfer services will be available at all 4,700-plus Walmart locations across the U.S.
The services will include domestic and international money transfers, bill payments, and money orders. Walmart intends to begin rollout in the spring of 2021. Through Western Union’s global cross-border, cross-currency platform reaching 200 countries and territories worldwide, Walmart customers will have the ability to move money almost anywhere across the world. Customers will have the option of their money transfers being paid out in minutes across more than 550,000 retail locations or into billions of bank accounts, wallets or cards.
Source: Chain Storeage
Omni Talk is the retail blog for retailers, written by retailers. Chris Walton and Anne Mezzenga founded Omni Talk in 2017 and have quickly turned it into one of the fastest growing blogs in retail. 