Retailer celebrates third anniversary of Walmart2Walmart with price
cuts and new digital experience for domestic money transfers
Company Website:
http://www.walmartmoneytransfers.com
BENTONVILLE, Ark. -- (Business Wire)
Three years ago this week, Walmart introduced its groundbreaking money
transfer service, Walmart2Walmart
Powered by Ria, with the goal of bringing customers dramatically lower
costs and a simpler money transfer experience. Since that time,
Walmart’s customers have enjoyed nearly half a billion dollars in fee
savings through using this service, putting more hard-earned money back
into their pockets.
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Despite already offering some of the industry's lowest prices on money transfers, Walmart is slashing prices again on its Walmart2Walmart money transfer service. (Photo: Business Wire)
Today, Walmart – together with Ria Money Transfer and American Express –
announced further improvements to the service, with the ambition of
helping customers save even more money, along with time.
Lowest-Ever Prices on Domestic Transfers
Despite already offering some of the industry’s lowest prices on money
transfers, Walmart is slashing prices again on its Walmart2Walmart money
transfer service. The new fees, available beginning today, allow
customers to save 20 to 90 percent on cash transfers versus the leading
competitor.(1)
Walmart2Walmart offers transparent national pricing in all Walmart
stores, as opposed to other leading competitors, who often vary prices
location by location:(2)
|
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Send |
| Leading National Competitor |
| Walmart2Walmart |
| Customers Save* | |
$50
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$5
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$4
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$1
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$250
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$12.50 or $24
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$8
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$4.50 or $16
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$500
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$12.50 or $40
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$8
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$4.50 or $32
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$1,000
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$12.50 or $86
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$8
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$4.50 or $78
| |
$1,250
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$25 or $111
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$16
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$9 or $95
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$2,500
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$50 or $176
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$16
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$34 or $160
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| | |
*See www.walmartmoneytransfers.com
for price comparisons
Easy Mobile Money Transfers via Bluebird
Also, beginning in May, Walmart and American Express will introduce the Bluebird2Walmart
Money Transfer Service,(3) which allows accountholders of
Bluebird – a checking and debit alternative – to digitally send money
for cash pickup at Walmart store locations. Accountholders can access
the new service by visiting Bluebird.com or by using the Bluebird app on
their smartphone.(4) Money receivers do not need a Bluebird
Account; rather, they can simply pick up their funds at any Walmart
store within minutes of the online transfer.(5) Pricing is
consistent with the new Walmart2Walmart prices.
“We are extremely proud of the significant savings our customers have
enjoyed in the three years since Walmart2Walmart was introduced. For the
millions of customers who rely upon transferring money to help family
and friends – whether regularly or in times of urgent need – we know
saving money on costly fees can make a big difference,” said Kirsty
Ward, vice president, Walmart Services. “Now, with even lower fees for
Walmart2Walmart, as well as the option to send money digitally with
Bluebird, we continue to deliver on our mission to save customers’
money, as well as time.”
Today’s announcement is the latest way Walmart is bringing a new kind of
ease and convenience to wire services. Earlier this year, Walmart
announced enhancements to the Walmart
app to create a faster, easier and more convenient experience for
money transfer customers. The new capabilities, which began rolling out
to Walmart stores in March, enable app users to use a designated express
lane in stores.
Money transfer services are just one of many financial services offered
at local Walmart MoneyCenters and Walmart Customer Service desks. Other
services include check cashing, bill pay, money orders, tax preparation
services and pre-paid card programs, as well as Walmart.com Pay with
Cash.
For more information, please visit: www.walmartmoneytransfers.com.
About Walmart
Wal-Mart Stores, Inc. (NYSE: WMT) helps people around the world save
money and live better - anytime and anywhere - in retail stores, online,
and through their mobile devices. Each week, nearly 260 million
customers and members visit our 11,593 stores under 63 banners in 28
countries and e-commerce websites in 11 countries. With fiscal year 2016
revenue of $482.1 billion, Walmart employs approximately 2.4 million
associates worldwide. Walmart continues to be a leader in
sustainability, corporate philanthropy and employment opportunity.
Additional information about Walmart can be found by visiting http://corporate.walmart.com
on Facebook at http://facebook.com/walmart
and on Twitter at http://twitter.com/walmart.
About Ria
Ria, a registered trademark of Continental Exchange Solutions, Inc., dba
Ria Financial Services, together with its global money transfer
affiliates, compose the Money Transfer Segment of Euronet Worldwide,
Inc. (NASDAQ:EEFT), a global provider of electronic payment and
transaction processing solutions. Ria offers fast, secure, affordable
money transfers through a network of approximately 321,000 locations in
148 countries and online at www.riamoneytransfer.com.
Ria is steadfast in its commitment to its customers and is a vital
member of the communities in which they live. For more information,
visit www.riafinancial.com
and www.riamoneytransfer.com.
About American Express
American Express is a global services company, providing customers with
access to products, insights and experiences that enrich lives and build
business success. Learn more at americanexpress.com
and connect with us on facebook.com/americanexpress,
foursquare.com/americanexpress,
linkedin.com/company/american-express,
twitter.com/americanexpress,
and youtube.com/americanexpress
(1) Savings based using Walmart2Walmart Powered by Ria compared to
Western Union’s offer of send in person for cash pickup at an agent
location with service within minutes. Savings valid as of April 11, 2017
and may change. Check competitor’s website for current prices.
(2) Price does not include state taxes.
(3)The Bluebird2Walmart Money Transfer service is provided by Ria
(defined below) pursuant to Ria’s
Terms and Conditionsand Ria’s
Privacy Policy and the Bluebird®
by American Express Member Agreement. Pickup is available in all 50
United States and Puerto Rico. The daily money transfer limit is $2,500
across all of your Bluebird Accounts, and a per-transaction limit of
$499.99 applies to money transfers picked up in Arizona. A fee of $4 for
each money transfer up to $50, $8 for each money transfer of $50.01-
$1,000, and $16 for each money transfer of $1,000.01-$2,500 applies.
Other limits and terms and conditions apply. Visit bluebird.com/moneytransfer
for complete details.
Ria is the licensed money transfer operator for all Walmart2Walmart
domestic money transfer transactions and Bluebird2Walmart money
transfers. Walmart acts as the authorized agent of Ria. Ria is a
registered trademark of Continental Exchange Solutions, Inc. dba Ria
Financial Services, licensed as a Money Transmitter by the Department of
Financial Services of the State of New York; licensed by the Georgia
Department of Banking and Finance, NMLS ID 920968, LICENSE NUMBER 18943;
and authorized independently or through its affiliate, Ria Financial
Services Puerto Rico, Inc. OCIF LICENSE NUMBER TM-031, to operate as a
Money Transmitter in all United States’ jurisdictions where it conducts
business.
Bluebird is issued by American Express Travel Related Services, Company,
Inc., 200 Vesey Street, New York, NY 10285, licensed as a money
transmitter by the New York Department of Financial Services and
financial regulators in other states. Terms and conditions apply;
certain fees, surcharges may apply; registration and identity
verification required to access all Bluebird features and benefits.
Visit bluebird.com for details.
(4) Data rates may apply.
(5) Subject to store hours and compliance with regulatory requirements.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170426005153/en/
Contacts:
Walmart Media Relations:
Erin Hulliberger,1-800-331-0085
news.walmart.com/reporter
Source: Wal-Mart Stores, Inc.
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