Mandatory Credit: Photo by Mauritz Antin/EPA/Shutterstock (8136405a) A customer enters a MoneyGram International office in Frankfurt am Main, Germany, 27 January 2017. Reports on 27 January state Chinese Alibaba’s digital payment service Ant Financial announced it will buy MoneyGram International for an estimated 880 million USD. The deal will go ahead pending the approval by authorities and regulators. China’s Ant Financial to buy MoneyGram Intenational, Frankfurt, Germany – 27 Jan 2017

MoneyGram International has extended money transfer services partnership with retail giant Walmart for three years, through March 2024.

MoneyGram offers white label money transfer service in more than 4,700 Walmart locations in the US and Puerto Rico, as well as through the co-branded digital platform walmart.moneygram.com.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Under the latest agreement, MoneyGram-powered white label money transfer service Walmart2World and other MoneyGram services will continue to be available at Walmart.

Both companies have been working together for over two decades.

Through the renewed partnership, the companies will focus on customer experience initiatives and offer customers various money transfer options.

MoneyGram provides customers with the ability to send money directly to bank accounts and mobile wallets overseas to over 75 countries.

MoneyGram chairman and CEO Alex Holmes said: “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.”

Last month, MoneyGram and Tesco Bank teamed up to launch a new money transfer platform.

In August, pan-African cross-border payments startup MFS Africa strikes a strategic partnership with MoneyGram.

In the same month, Airtel and MoneyGram joined forces to enhance money transfer services in Africa.

In June, MoneyGram entered into a remittance partnership with Digital Financial Services, a joint venture of Etisalat and Noor Bank.

In the same month, South Korean fintech Global Money Express (GME) partnered MoneyGram for cross-border money transfers.

MoneyGram also signed a payment partnership with Saudi Arabia’s Al Rajhi Bank.