Walmart Changes the Game Again with New Global Wire Service

Walmart2World Offers Low Flat Fees to Send Money Anywhere in the
World – Fast

BENTONVILLE, Ark.–(BUSINESS WIRE)–Four years ago, Walmart changed the money transfer game with the
introduction of Walmart2Walmart – a domestic money transfer service that
offered dramatically lower costs that has since saved customers nearly
$700 million in fees. Now, with MoneyGram International, Walmart is
bringing its game-changing model to the global wire service market, with
the launch of Walmart2World.

“We think sending money should cost the same regardless of where you
send it; that’s why we’ve designed a brand new global wire service to
send money to 200 countries with a consistently low fee,” said Kirsty
Ward, vice president, Walmart Services. “There are millions of people
sending money around the world to help loved ones with everyday needs or
in times of emergency. Walmart2World, Powered by Moneygram helps
customers get money to family and friends across the world in minutes,
and the new low fees mean more of their hard-earned cash goes where it’s
needed most.”

Scheduled to launch in all of Walmart’s 4,700 U.S. stores this month,
three key features differentiate Walmart2World from other global wire
service offerings:

  • Unique Pricing Structure: Wherever you are in the United
    States, and to wherever you are sending money, the new, low fees for
    Walmart2World are the same – $4 to send up to $50, $8 to send $51 to
    $1,000, and $16 to send $1,001 to $2,500. This is unlike other
    international transfer services that change the fee to transfer money
    based on where sender and/or receiver are located.
  • Highly Competitive Exchange Rates: Walmart is committed to
    ensuring customers receive a more competitive foreign exchange rate
    when transferring money using Walmart2World. The new Walmart2World low
    fees, combined with these great exchange rates deliver incredible
    value for international sends.
  • Delivery Within Minutes to Worldwide Network: Compared to other
    international wire services that can take up to three days,
    Walmart2World will deliver funds in 10 minutes or less, whether the
    receiver opts to pick up the money at any one of MoneyGram’s agent
    locations in 200 countries, or an international bank or mobile wallet
    account.

“Walmart2World is a powerful platform that allows customers to send
money from Walmart in the U.S. to any MoneyGram agent location in 200
countries,” said Alex Holmes, MoneyGram’s CEO. “The new product
demonstrates our shared commitment to ensuring our customers receive the
financial services they depend on at an outstanding value.”

In addition to saving money, customers using Walmart2World can also save
time by using Mobile Express Money Services in the Walmart App. After a
quick, one-time set-up, customers initiate their transfer from the
Walmart App, and once at the store, fast-track through the Mobile
Express Lane to quickly complete their transaction. Receipts and
transaction details are saved electronically, helping to make future
transactions even faster and easier.

For multi-media assets, please visit https://corporate.walmart.com/newsroom.

About Walmart

Walmart Inc. (NYSE: WMT) helps people around the world save money and
live better – anytime and anywhere – in retail stores, online, and
through their mobile devices. Each week, nearly 270 million customers
and members visit our more than 11,700 stores under 65 banners in 28
countries and eCommerce websites. With fiscal year 2018 revenue of
$500.3 billion, Walmart employs approximately 2.3 million associates
worldwide. Walmart continues to be a leader in sustainability, corporate
philanthropy and employment opportunity. Additional information about
Walmart can be found by visiting http://corporate.walmart.com,
on Facebook at http://facebook.com/walmart
and on Twitter at http://twitter.com/walmart.

Contacts

Walmart Media Relations
Erin Hulliberger, 1-800-331-0085
news.walmart.com/reporter