Retailer celebrates third anniversary of
Walmart2Walmart with price cuts and new digital experience for
domestic money transfers
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)
Send
Leading National
Competitor
Walmart2Walmart Customers Save* $50
$5 $4 $1 $250 $12.50 or $24 $8
$4.50 or $16 $500 $12.50 or $40 $8
$4.50 or $32 $1,000 $12.50 or $86 $8 $4.50 or
$78 $1,250 $25 or $111 $16 $9 or $95 $2,500
$50 or $176 $16 $34 or $160
*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 Conditions and
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/
Walmart Media Relations:Erin Hulliberger,
1-800-331-0085news.walmart.com/reporter
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