Walmart, PayPal announce financial services tie up

Walmart and PayPal are collaborating on financial services and products, including new PayPal cash in and cash out services at Walmart stores (for a fee of $3 per service), as well as the ability for PayPal cash Mastercard customers to access their cash balance in-store at service desks, ATMs and cash registers.

“We are committed to expanding access to financial services products that are convenient, easy to use and available for everyday low prices. With 90% of Americans living within 10 miles of a Walmart store, we know that offering PayPal cash in and cash out money services for an exclusive low fee is going to provide great value to the many people who rely on Walmart and PayPal to help manage and move their money,” says Daniel Eckert, Senior Vice President, Walmart Services & Digital Acceleration, Walmart. 

PayPal cash in is immediately available and PayPal cash out will be rolled out at all the retailer’s US locations by early November.

Source: Retail Tech Innovation Hub