MONTERREY — U.S. payment services company Western Union said Tuesday July 5 that it signed an agreement with the retail giant Wal-Mart de Mexico (Walmex) to offer money transfer services within more than one thousand stores of the largest supermarket chain in Mexico.
In a statement, Western Union said that the service will start in the third quarter and Walmex customers may handle transfers sent through Western Union, Vigo and Orlandi ValutaSM in 1,266 of its stores.
Remittances to Mexico, which grew between January and May at a 9.54 percent annual rate, are Mexico’s second largest source of foreign exchange and an important driver of retail sales.
Walmex already offers remittance services in their stores through agreements with other companies such as MoneyGram.
more recommended stories
The construction of 450 miles of border wall starts in Arizona
YUMA, Ariz. (AP) — On a.
AMLO’s administration will investigate officials over 2014 case of 43 missing students from Ayotzinapa
MEXICO CITY (Reuters) – Mexican prosecutors.
Mexican scientists win Breakthrough Prize
Project Event Horizon Telescope (EHT), in.
Quintana Roo wants to attract more North American retirees
Cancún, Quintana Roo, Mexico – La Asociacion.
First woman to climb the 4 highest mountains in the world is a Mexican
Mexican world-class mountaineer Viridiana Álvarez is an.
7 Inventions from Mexico that changed the world
If you were going to go.
Barbie celebrates Day of the Dead
Mexico City (AFP) – Barbie has.
Mexico is 12.7% down in Auto Production Exports
Mexico, one of the biggest exporters.
Mexico’s vigilante groups defy president to fight cartels
SANTA MARIA OSTULA, Michoacán, Mexico (Reuters).
Another storm could be shaping up in the Atlantic
NASSAU (Reuters) – A storm system.