FinTech: Now, Transfer Funds Through Western Union At The Nearby Walmart Store
Western Union will offer fund transfers from 4,700 Walmart stores across the United States.
Western Union (NYSE: WU) has brought its remittance services to your neighborhood’s Walmart (NYSE: WMT) store. Customers can send money anywhere in the U.S. and globally to more than 200 countries and countries. The two companies had announced in January that they would work together to make financial services more accessible for Walmart customers. (BusinessWire)
“Whether sending family members a well-deserved graduation gift or funds to make a difference in countries that need it most, like India, which is witnessing a second wave of the COVID-19 pandemic, anyone can visit their local Walmart store to send domestic and international money transfers, bill payments, and money orders,” the companies said in a statement.
Fund transfers to friends, family, and loved ones could be paid within minutes into more than 550,000 retail locations globally, or into billions of bank accounts, wallets, or cards worldwide.
Beyond just groceries
Julia Unger, vice president of Financial Services at Walmart, said the company intended for the Walmart store to play a larger role in customers’ lives than being just a place to buy groceries. Customers would enjoy peace of mind from knowing that a means to reach money to a loved one is just around the corner.
“As the service goes live, it is gratifying to be working with another company that shares our mission of expanding the financial options available to the people we both serve,” said Jean Claude Farah, president, global network at Western Union.
Image Credit: Wikimedia
Latest Alternative Investment News
Alternative Investments/Digital: State Street Digital, A New Division At State Street, To Focus On Crypto
State Street (NYSE: STT), which has $40.3 trillion in assets under custody or administration, said Thursday it is establishing a new digital finance division called State Street Digital. The new…
United Airlines (NASDAQ: UAL) announced its new corporate venture fund, United Airlines Ventures, on Thursday. The fund’s brief is to invest in emerging companies that could reinvent travel and aviation…
The IMF warned Thursday that El Salvador’s move to adopt bitcoin as a legal currency in parallel with the US dollar could have various economic and legal repercussions. El Salvador’s…
Clip, a Mexican digital payments and commerce platform founded in 2012, announced June 10, its raise of $250 million in a round led by the SoftBank Latin America Fund and…