Share Name Share Symbol Market Type
Walmart Inc. NYSE:WMT NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  -$0.39 -0.40% $96.17 $97.245 $95.74 $96.40 11,398,373 00:17:08

Walmart, PayPal to Provide Financial Services to Shared Customers

11/10/2018 1:27pm

Dow Jones News


Walmart Inc. (NYSE:WMT)
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By Chris Wack

 

Walmart Inc. (WMT) and PayPal (PYPL) announced Thursday that they are working together to provide financial services and products to their shared customers.

In a release, the companies said they will begin rolling out PayPal cash in and cash out money services at Walmart for $3 a service, marking the first time PayPal mobile app users will be able to take cash out of their PayPal account in a brick-and-mortar environment, in addition to being able to load cash into their PayPal balance at Walmart stores.

PayPal Cash Mastercard customers will also be able to access their cash balance using Walmart service desks, ATMs and cash registers for the same fee.

PayPal cash in will be immediately available at Walmart, and PayPal cash out will be available at all U.S. Walmart locations by early November.

Shares of Walmart were down 0.8% to $94.98 premarket, while shares of PayPal were down 1.4% to $74.40 premarket.

 

Write to Chris Wack at chris.wack@wsj.com

 

(END) Dow Jones Newswires

October 11, 2018 08:12 ET (12:12 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.

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