Retail giant Walmart has extended its more than 20-year relationship with MoneyGram, a provider of money transfer and payment services, for another three years.
Under the extended agreement, MoneyGram will continue to offer its domestic and international money transfer service as well as bill pay and money order products to Walmart’s more than 4,000 locations in the US and Puerto Rico.
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MoneyGram, in a statement, said that the Walmart customers will also be able to access MoneyGram services through Walmart.com to send and receive money.
MoneyGram CEO Alex Holmes said: "For nearly two decades now, MoneyGram and Walmart have worked side by side to make money transfers and other financial services affordable and convenient for our customers."
"MoneyGram is committed to fully understanding the expectations of our customers and agents and to enhancing their money transfer experience," Holmes added.
Walmart US Financial Services senior director Kirsty Ward said: "MoneyGram is a great provider in helping us deliver results that matter to our customers, offering innovative products and services that help them better manage their finances for less."
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