Walmart Inc. will start offering Western Union money transfer service this spring, the companies said Tuesday.
Western Union, widely known for making cross-border, cross-currency transfers and payments, will offer these services at all of Walmart’s more than 4,700 U.S. stores.
Through Western Union, customers of the Bentonville-based retailer can send money to 200 countries and territories worldwide. The funds will be paid out within minutes at more than 550,000 retail sites or into billions of bank accounts, wallets or cards.
Most of Walmart’s financial services are aimed at customers who don’t have bank accounts or other banking relationships.
Walmart also offers international money transfers through a partnership with MoneyGram. Wire-transfer services as well as banks charge commission fees on transactions.