#PayTech / MoneyGram Extends Relationship With Walmart

MoneyGram International, the global peer-to-peer payment and money transfer company, has extended to its relationship with Walmart… The deal means MoneyGram’s services will continue to be available at more than 4,700 Walmart locations in the U.S., Puerto Rico and on its digital platform at walmart.moneygram.com.

In July, the company reported that its online transaction volume grew 106 percent year over year during the second quarter, as the firm capitalized on a digital transformation… The company said digital transactions accounted for 27 percent of its total money transfers during the period. In addition, transactions from MoneyGram’s digital partners grew 97 percent.

Additionally, the firm reported that MoneyGram Online saw 104 percent transaction growth year on year during the quarter… more than 80 percent of June’s MoneyGram Online transactions were conducted on mobile devices.