Walmart is reducing the cost of sending money to Mexico, making it easier for customers to send money from the United States, the company announced Thursday.
Customers can send money from any Walmart store in the United States to any Walmart store in Mexico through the Walmart2Walmart money transfer program, depending on the company.
The cost is $2.50 per transaction. According to Walmart, the cost is at least 50% lower than what other companies charge for this service.
“We’re thrilled to offer Walmart customers a convenient new way to send money to loved ones in Mexico at an incredibly low price. Our low-cost fee strategy demonstrates our commitment to continuing to improve good -the financial being of our customers around the world,” Julia Unger, vice president of financial services at Walmart, said in a statement.
It should be noted that Walmart’s announcement is based on the Walmart2Walmart money transfer service between the United States and Mexico which was first launched in 2016.
According to Walmart, the service was suspended in 2018 as it invested in lowering prices and improving infrastructure to improve remittance service.
For more information on the service to send money to Mexico, Click here .