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      Home»Fintech » Walmart Expands Global Money Transfer

      Walmart Expands Global Money Transfer

      April 4, 2018
      Fintech, USA
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      Walmart has expanded their money transfer service to over 200 countries and all their U.S. locations; the expansion is through a partnership with Moneygram; Walmart’s move comes after recent news of Amazon expanding their financial services options for customers; “Money transfer services are like bread at the restaurant for Walmart; it’s negligible revenue for them,” said Daniel Ives, chief strategy officer at GBH Insights tells TearSheet. “The broader strategy is to build up that product arsenal on the consumer side  — every Walmart customer globally is an Amazon customer that could be taken away.” Source.

      Tags : Amazon, Money Transfer, Walmart
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