Walmart’s low-cost money transfer services have saved consumers over $2 billion over the past seven years:
“Walmart launched a low-cost and consumer-focused white label money transfer service for transactions sent and received at Walmart locations, known as Walmart2Walmart, in 2014. At launch, Walmart2Walmart offered transfer fees 50% lower than its competition, inducing Walmart’s competitors to set lower fees. Walmart has driven down prices and saved customers in the U.S. more than an estimated $6 billion when one includes the approximately $4 billion resulting from the competitive impact outside of Walmart.”
P.S. Walmart is more than just a retail store. It offers a full range of services, including financial services that many consumers need. Get in touch with us today.