MoneyGram Announces Three-Year Extension to Walmart Relationship

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Press Release

October 6, 2020 at 9:03 AM EDT

MoneyGram Announces Three-Year Extension to Walmart Relationship

The agreement continues MoneyGram services at over 4,700 Walmart locations and through the co-branded digital platform, walmart.moneygram.com

DALLAS, Oct. 6, 2020 /PRNewswire/ -- MoneyGram International (NASDAQ: MGI), a global leader in cross-border P2P payments and money transfers, today announced a three-year extension to its relationship with Walmart, the world's largest retailer, through March 2024. MoneyGram's services at Walmart, including Walmart2World, the MoneyGram powered white label money transfer service, are available in over 4,700 Walmart locations in the United States and Puerto Rico, as well as through the co-branded digital platform walmart.moneygram.com.

"We are extremely excited to extend our relationship with Walmart for three additional years. This longer-term extension is a testament to our strong alignment on customer-centric strategies as well as continued preference for the MoneyGram brand at the point-of-sale," said Alex Holmes, MoneyGram Chairman and CEO.

For over two decades, MoneyGram and Walmart have delivered innovative and affordable money transfer services to meet the evolving needs of their combined customer base through both digital and walk-in channels. In this extended term, MoneyGram and Walmart will continue focusing on customer experience initiatives as well as offering customers a variety of enhanced options for their family and friends to receive money from the comfort of their own homes.  Customers increasingly seek options to send directly to bank accounts and mobile wallets abroad, and MoneyGram has rapidly expanded these capabilities to now provide customers with digital connections to over 75 countries.

About MoneyGram International, Inc.
MoneyGram is a global leader in cross-border P2P payments and money transfers. Its consumer-centric capabilities enable family and friends to quickly and affordably send money in more than 200 countries and territories, with more than 75 countries now digitally enabled.

MoneyGram leverages its modern, mobile, and API-driven platform and collaborates with the world's leading brands to serve millions of people each year through both its walk-in business and its direct-to-consumer digital business.

With a strong culture of innovation and a relentless focus on utilizing technology to deliver the world's best customer experience, MoneyGram is leading the evolution of digital P2P payments.

For more information, please visit moneygram.com and follow @MoneyGram.

MoneyGram Media Contact:
Stephen Reiff
Media@MoneyGram.com 

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SOURCE MoneyGram