The company said that the transaction fees are at least 50% lower than similar offerings on the market. In addition, they are committed to providing more inclusive and affordable financial solutions for all customers, including unbanked or underbanked.
Ria Money Transfer, a subsidiary of Euronet, will handle the transactions. In May 2021, Walmart began offering Western Union services at branches across the US but has since moved further into the banking services to provide its own solution.
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