MoneyGram Shares Rise 7% After Extension of Walmart Partnership
October 06 2020 - 2:00PM
Dow Jones News
By Chris Wack
MoneyGram International shares were up 7% to $3.15 after the
company said it agreed to a three-year extension of its
relationship with Walmart Inc. through March 2024.
MoneyGram said its services at Walmart, including Walmart2World,
the MoneyGram powered white label money transfer service, are
available in more than 4,700 Walmart locations in the U.S. and
Puerto Rico, as well as through a co-branded digital platform.
In this extended term, MoneyGram and Walmart will continue
focusing on customer experience initiatives as well as offering
customers a variety of enhanced options to receive money from their
homes.
Write to Chris Wack at chris.wack@wsj.com
(END) Dow Jones Newswires
October 06, 2020 13:45 ET (17:45 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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