PayPal has partnered with Walmart to offer various financial products and services for their shared customers in the US.
Under the alliance, PayPal cash in and cash out money services will be available at Walmart for an exclusive fee of $3 per service.
The cash services will enable users to withdraw cash from their PayPal account at Walmart stores. Customers can also load cash into their PayPal balance in stores.
Similarly, PayPal Cash Mastercard holders will get access to their cash balance via Walmart Service desks, ATMs and cash registers for low fee.
Walmart senior vice-president of services & digital acceleration Daniel Eckert said: “With 90% of Americans living within 10 miles of a Walmart store, we know that offering PayPal cash in and cash out money services for an exclusive low fee is going to provide great value to the many people who rely on Walmart and PayPal to help manage and move their money.”
PayPal president and CEO Dan Schulman said: “We are committed to working together to make it simple and easy for people to use PayPal cash in and cash out money services at every Walmart location in the US. We look forward to working hand-and-hand to help people and families with their financial services needs.”
PayPal recently updated its online payments mobile app to improve customer experience.
Apart from sending and receiving of funds, the upgraded app offers additional features such as alerts, personalisation of contact list and advanced authentication.