What's In Store

Walmart pushes ahead into financial services with new money-transfer app in Charlotte

Courtesy of Wal-Mart
Courtesy of Wal-Mart

Walmart has launched a new money-transfer service at its stores in Charlotte, marking the retail giant’s latest push into financial services.

The Express Money Service is a feature on the Walmart app designed to save customers time in the store, Wal-Mart said in a statement this week. Once they’re at the store, customers can use a designated Express Lane to complete their transaction. Customers can transfer money domestically or internationally, and the service will expand to include bill payments and check cashing, Wal-Mart said.

Charlotte is one of Walmart’s top money transfer markets nationally, a spokeswoman said.

Wal-Mart in 2015 selected Fort Mill for a new shared services center, an operation designed to improve the company’s financial and payroll processes.

To celebrate the launch of the new service in Charlotte, Walmart is waiving fees on the Walmart2Walmart domestic money transfers initiated using the Walmart App in all stores through Sept. 30. Wal-Mart says this will save customers $4-$6 per transaction.

“We want to make every day easier for busy North Carolina families, and offering a seamless shopping experience for Money Transfers makes this a reality,” said Kirsty Ward, vice president, Walmart Services, in the statement.

Wal-Mart said it will also launch a similar service for its pharmacies sometime this year.

Katherine Peralta: 704-358-5079, @katieperalta