Walmart Start ‘Walmart2World, Powered by MoneyGram

MoneyGram (MGI), a provider of money transfer and payment services, and Walmart (WMT), said pre-market Tuesday that they have launched “Walmart2World, powered by MoneyGram,” a new money transfer service that allows customers to send money from Walmart in the US to any MoneyGram location in 200 countries.

The companies also renewed their long-term agreement to offer all MoneyGram products and services at Walmart for two more years.

In addition to sending money overseas, customers can still use MoneyGram in their local Walmart to transfer money to friends and family in the US and to send payments to thousands of companies through MoneyGram’s convenient Bill Pay Service, the companies said.

MoneyGram shares rose more than 6% in pre-market trading on Tuesday, whereas Walmart shares inched higher as much as 0.7%.

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