Walmart Unveils Walmart-2-Walmart Money Transfer Service

By  |  April 17, 2014
 | 

Walmart and Euronet announced that it will offer a new electronic payments provider.

Walmart has announced that it will offer a new service with their electronic payments provider Euronet Worldwide called Walmart-2-Walmart Money Transfer Service.  They will now be competing with companies such as MoneyGram and Western Union.

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    Both companies are stating that the transfer service will be significantly cheaper than alternatives, and will be available at more than 4,000 stores in the U.S.

    Last year, Wal-Mart U.S. received about 1 percent of annual sales from financial services such as money orders, prepaid cards, wire transfers, check cashing and bill payments, according to its latest annual report.

     

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