MoneyGram and Walmart Announce New Three-Year Agreement
DALLAS (Feb. 1, 2016) — MoneyGram (NASDAQ: MGI) announced today the extension of their more than 17-year relationship with Walmart. This new three-year agreement, which begins on Feb. 1, continues MoneyGram’s domestic and international money transfer service as well as its bill pay and money order products at Walmart’s more than 4,000 locations in the U.S. and Puerto Rico. Walmart customers can also continue to access MoneyGram services through Walmart.com to send and receive money.
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“We are extremely pleased to extend our relationship with Walmart for an additional three years,” said Alex Holmes, MoneyGram CEO. “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.”
“Leveraging our size and scale to take on big challenges and create better ways to serve our customers is something we’re always working on. 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,” said Kirsty Ward, Walmart Senior Director, U.S. Financial Services. Walmart and MoneyGram are committed to ongoing innovation in order to meet the evolving needs of the customer. Both companies will continue to make investments in marketing, technology and product development, including the roll-out of a redesigned online experience.
“MoneyGram is committed to fully understanding the expectations of our customers and agents and to enhancing their money transfer experience,” said Holmes. “This is a very dynamic industry and we are constantly looking to offer our customers new and better ways to send and receive money.”
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