“The Walmart-2-Walmart service is being rolled out in partnership with Ria Money Transfer, a subsidiary of Euronet Worldwide Inc. Shares of money-transfer companies MoneyGram and Western Union slid Thursday. The service, which will be available starting April 24, allows its customers to transfer up to $900 to and from more than 4,000 Wal-Mart stores in the U.S. Customers can transfer up to $50 for a $4.50 service fee and up to $900 for $9.50. Comparable services elsewhere cost up to $70 when transferring less than $1,000. Western Union on its website puts the price of transferring $900 in New York between $20, if using a bank account, to $85 if using a credit or debit card.”
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