Related services will be launched in the spring of 2021 , when U.S. customers will be able to send money within the U.S. and globally
Denver, Colorado, USA and Bentonville, Arkansas, USA--(Business Wire)--The world's largest retailer Wal-Mart (NYSE: WMT) and cross-border, cross-currency fund transfer and payment Leading company Western Union (NYSE: WU) today announced that it has reached a new agreement to open Western Union services in Wal-Mart outlets across the United States, which will provide millions of customers with more choices and more innovation. Great value. Related services will include domestic and international remittances, bill payments, and money orders. These services will be available in more than 4,700 Wal-Mart stores and are scheduled to be rolled out in the spring of 2021.
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By then, through Western Union's global cross-border and cross-currency platform in 200 countries and regions around the world, Walmart customers will be able to transfer funds to friends and relatives located almost anywhere in the world. Customers can choose to make their remittances complete the payment in just a few minutes, covering more than 550,000 retail outlets, and can also transfer billions of bank accounts, e-wallets or cards. Wal-Mart pursues a transparent strategy of "parity every day" and uses market services to help customers carry out important financial activities. Millions of Americans trust this. With the addition of Western Union, Wal-Mart's customers will enjoy unprecedented choices, convenient services and broad coverage.
"Walmart is much more than just a place for customers to shop. For millions of people, it is also a trusted financial service place." said Wilbert Noronha, vice president of Walmart Financial Services. "We are about to start all over the United States. Wal-Mart outlets in China provide Western Union money transfer services and will continue to connect people with family and friends around the world through Western Union’s global money transfer platform. We are very excited about this."
Jean Claude Farah, President of Western Union Global Network, said: "We are delighted to work with Walmart, the world's largest retailer, to give full play to our strengths in fund transfer and payment services to serve more customers in the United States and around the world."
Farah added: “We share a common purpose with Wal-Mart, which is to provide strong support to our customers-these customers rely on us to remit money when they buy daily necessities such as healthcare services and daily necessities. In this era, speed, safety, convenience, and trust are extremely important, and we are superior in convenience, reliability, and coverage. Every transaction processed can make customers more comfortable and confident."
For more than 20 years, Wal-Mart has been vigorously providing financial services to customers. These services come from providers that customers love and see and are all sold at transparent prices. Since 2014, various market financial services provided by Wal-Mart have also helped customers save more than $1.5 billion.
The cooperation between Wal-Mart and Western Union continues the long-term pursuit of the two companies to create value for customers and promote inclusive finance.
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About Walmart
Wal-Mart (NYSE: WMT) helps people all over the world spend less money to live a better life anytime, anywhere through retail stores, online channels and mobile services. Every week, more than 265 million customers and members visit approximately 11,400 stores belonging to 55 brands in 26 countries or regions, as well as Walmart's e-commerce website. Wal-Mart's revenue in fiscal year 2020 was 524 billion U.S. dollars, and it employs more than 2.2 million employees worldwide. In terms of sustainability, corporate philanthropy and employment opportunities, Wal-Mart maintains a leading position. For more information about Walmart, please visit https://corporate.walmart.com , Facebook https://facebook.com/walmart and Twitter https://twitter.com/walmart
About Western Union
The Western Union Company (NYSE: WU) is a global leader in cross-border, cross-currency fund transfer and payment. Our omni-channel platform connects the digital world and the physical world, enabling consumers and businesses to send and receive funds and make payments quickly, conveniently and reliably. As of September 30, 2020, our network has more than 550,000 retail agent outlets providing our branded services in more than 200 countries and regions, and can send money to billions of accounts. In addition, as our fastest growing channel in 2019, westernunion.com has provided services in more than 75 countries and regions and can transfer funds globally. With our global influence, Western Union can invest funds in better places, connect family, friends and businesses together, achieve financial inclusion, and support economic growth. For more information, please visit www.westernunion.com
i Whether you can provide services and remit funds depends on including the selected service, delayed delivery option selection, special terms applicable to each service, remittance amount, destination country/region, currency availability, regulatory issues, consumer protection issues, Various factors such as identity authentication requirements, delivery restrictions, working hours of agency outlets and time difference