Walmart Launches an Alliance With Western Union
Forging a new partnership as it continues its expansion into a wide variety of services, retail giant Walmart (NYSE: WMT) announced today it has a new deal with financial services company Western Union (NYSE: WU) to offer the latter's worldwide money transfers at its American stores. The service will become available sometime this spring, rolled out over an unspecified amount of time until it is offered at 4,700 locations.
Walmart's vice president for financial services Wilbert Noronha said in a press release that the new partnership is part of the company's push to be "a place [customers] trust for their financial needs" and not just a shopping destination.
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Source Fool.com
