USD INR ₹ 83.95
GBP INR ₹ 108.14
CAD INR ₹ 60.60
Articles

Walmart2Walmart Mexico: Cheapest Way to Send Money to Mexico

Updated on June 08, 2022 02:16 pm
an image of a Walmart storefront

Walmart relaunched its Walmart2Walmart money transferring program with its new low-cost fee on money transfers to Mexico, making it significantly cheaper for its customers to send money to Mexico from the United States.

Walmart2Walmart Mexico, powered by Ria Money Transfer, one of the largest money transfer companies, will help save money for millions of customers with the relaunch.

Customers in the U.S. can once again send money to Mexico through Walmart in the U.S for as little as $2.50 per transaction. According to Walmart, this is at least 50% lower than similar offerings on the market. 

The original Walmart2Walmart money transfer service between the U.S. and Mexico was launched in 2016. That service was halted in 2018 while Walmart invested in lowering prices and boosting the infrastructure to support the newly launched service. 

The U.S. to Mexico Remittance Corridor

The U.S. to Mexico (USD to MXN) money transfer corridor is the largest country-to-country remittance corridor in the world. 

According to the World Bank, Mexico received $51.6 billion in remittances, of which 95% were sent by millions of Mexicans residing in the U.S. This is not surprising because roughly 1.6 million households in Mexico depend on remittances from family members in the U.S. as their most important source of income. 

The transferred money is mainly for covering living expenses, educational or medical expenses, special occasions such as festivities, or emergency needs.   

With remittances to Mexico from the U.S. climbing up to 27% in 2021, the relaunching of Walmart2Walmart Mexico is timely. This will enable Mexican migrants in the U.S. to use Walmart's large network of stores to quickly and inexpensively send money to Mexico Walmart.

Read the cheapest ways to send money to Mexico from the U.S. and save on every transfer.

Walmart says the new low-fee money transfer service is a major milestone for the retailer in providing more inclusive and affordable financial solutions for all customers, including unbanked or underbanked households that rely on services like wire transfers for day-to-day money management.

Cost of Sending with Walmart2Walmart Mexico

Send money from 4500+ Walmart U.S. locations to 2500+ Walmart Mexico and Bodega Aurrera stores with Walmart2Walmart Mexico powered by Ria.

Fees of Walmart2Walmart Mexico

114-CR-Infographics-Walmart2Walmart-Mexico-Cheapest-Way-to-Send-Money-to-Mexico.jpg


In addition to the transfer fee, a currency exchange rate also applies. Set alerts for the best USD to MXN exchange rates today.

For customers using Walmart money transfer services to send funds regularly to their loved ones and often in times of urgent need, the lower cost of sending money means they can keep more of their hard-earned money or send more to their families.

How to Send Money to Mexico via Walmart2Walmart Mexico

AdobeStock_355731038_Editorial_Use_Only-min.jpeg


Visit your local Walmart store and stop by at the Customer Service Desk or Money Transfer Services Center. 

You need to show your photo ID for sending or receiving money. To send money to Mexico through Walmart, you can use any valid government-issued ID such as the following: 

  • U.S. Driver's License, including Puerto Rico 
  • State ID, including Puerto Rico
  • United States Passport
  • International Passport
  • Military ID
  • U.S. Permanent Resident Card 
  • Tribal ID
  • Mexican Matricula Consular 

Pay with U.S. dollars or a PIN-based debit card at the store. Usually, the cash delivery may take around 10 minutes unless there are added steps needed for review by Ria. Ria is one of the best options for money transfer; however, there are faster alternatives to sending money to Mexico from the US.

You can track the transfer status on the provider's website with the details on your receipt. Contact Ria's customer line at 1-855-355-2144 for your transactions via Walmart2Walmart.

Walmart's Money Transfer Services and Fintech Start-Up

Walmart currently operates approximately 10,500 stores and clubs under 46 different names or banners in 24 countries along with a range of eCommerce websites. Walmart is one of the most well-known brands in the world, running a chain of large discount stores and supercenters. 

Walmart employs 2.3 million associates worldwide. Its fiscal year 2022 revenue is estimated to be $573 billion.

Walmart has been extending its services into the money transfer space. It offers quick domestic as well as international payments. It has partnered with Western Union, MoneyGram, and Ria, giants in the money transfer industry, providing easy access to money transfer services.

Customers can send money from any Walmart store in the U.S. for cash pick up at an agent location of Western Union/MoneyGram/Ria in over 200 countries and territories through its Walmart2World money transfer program. 

Alternative receive options include direct to bank accounts or mobile wallets, or debit cards. You can choose between home delivery or ATM payouts if available. 

Venturing into the financial service space, Walmart launched a fintech start-up in partnership with investment firm Ribbit Capital (one of the venture capital firms behind Robinhood) to develop tech-driven financial products tailored to its employees and customers. 

Furthermore, the start-up is to acquire fintech platforms Even and One. The acquisitions are expected to be done in the first half of 2022, and the combined company will be called One. Once it is done, the start-up is looking to develop a financial service super app that will allow customers to get paid, spend, save, borrow and invest their money for interest.  

According to Walmart, almost one-quarter of U.S. adults are unbanked or underbanked, and around 80% of financial technology users rely on multiple accounts to manage their finances. The financial services super app will allow customers to manage their money on a single platform.

Conclusion

Walmart shoppers now can send money to their loved ones at an incredibly low price and save more money with the newly launched low-fee money transfer service to Mexico.

Euronet Worldwide, the parent company of Ria money transfer in collaboration with Walmart, brings this exceptional service to customers by offering price benefits and easier access to fast, safe, and guaranteed money transfers to Mexico.

As mentioned by the CEO of Euronet's Money Transfer Segment, Ria's scalable capabilities combined with Walmart's large footprint will help Walmart offer unrivaled value and convenience to Mexico living in the U.S. and their families back home in Mexico.  

If you are looking for alternative options to transfer money to Mexico or even the best way to send money to Mexico, you should compare your options before making your transfers. You want to get the most pesos to dollars, and we help you find the best available dollar to peso exchange rate. 

 22901 views
Rate article:
(5.0)
 
 
Money Transfer FAQ's
Related Articles
UK to Philippines
How to Send Money from the UK to Philippines

Sending money from the UK to the Philippines is a significant financial transaction that requires careful consideration to ensure efficiency, cost-effectiveness, and security. As an immigrant or someone supporting family and loved ones back home, understanding the process and selecting the right remittance service is crucial. Do not worry. CompareRemit is here to guide you through all of your remittance needs. In this guide, we'll walk you through the essential steps, considerations, and top remittance providers to help you make informed decisions and maximize the value of your money transfers.Things to Consider Before Transferring Money from UK to PhilippinesBefore initiating a money transfer, it's crucial to grasp two essential factors: exchange rates and transfer fees. The exchange rate refers to the value of one currency relative to another. For example, if the GBP to PHP exchange rate is 1 GBP to 71.81 PHP, it means one British pound is equivalent to 71.81 Philippine pesos. Transfer fees, on the other hand, are charges imposed by remittance companies for their services.It's worth noting that exchange rates and transfer fees can vary significantly across different companies. While some providers may offer competitive exchange rates, they might compensate by charging higher transfer fees. Conversely, others may provide lower transfer fees but offer less favorable exchange rates.It's essential to find a balance between favorable exchange rates and reasonable transfer fees to maximize the value of your remittance. Some companies may offer promotional rates or discounts for first-time users, while others may have ongoing promotions or loyalty programs. Comparing different remittance providers using platforms like CompareRemit can help you find the best combination of rates and fees for your transfer.Will GBP to PHP Increase or Decrease?As of the latest data, the GBP to PHP exchange rate stands at 1 GBP to 71.81 PHP. CoinCodex forecasts a potential 9.43% rise in the GBP to PHP exchange rate over the next year, reaching approximately ₱ 78.22 at some point during the year. While exchange rate predictions provide valuable insights, they are subject to change based on various economic and geopolitical factors. Monitoring exchange rate trends regularly can help you identify favorable opportunities for sending money to the Philippines.When is the Best Time to Send Money from the UK to Philippines?Determining the best time to send money involves strategic planning and analysis of exchange rate fluctuations. Referencing forecast predictions and using comparison sites like CompareRemit can help you track the best exchange rates and promotional offers from top remittance companies. By timing your transfers during periods of favorable rates or promotions, you can optimize the value of your remittance and save on transfer costs.How to Transfer Money from the UK to PhilippinesOnce you've finished comparing and contrasting the top providers and selected the best remittance provider through CompareRemit’s Compare Tool, the next step is to initiate the money transfer. Remittance services typically offer various transfer methods, including online transfers, bank deposits, and cash pickups.Sign up: Create an account with your chosen remittance provider and complete any required verification steps.Enter recipient details: Provide the recipient's information, including their name, address, and contact details.Select transfer amount: Enter the amount you wish to send, ensuring it meets any minimum or maximum transfer limits.Choose delivery method: Select the preferred delivery method for the recipient, such as bank deposit or cash pickup.Review and confirm: Double-check the transaction details, including exchange rate and fees, before confirming the transfer.Complete the transfer: Submit your payment and wait for confirmation of the successful transfer.Top Remittance Providers for Transferring Money from the UK to the PhilippinesXe Money TransferXe offers competitive exchange rates, low fees, and fast transfers, making it an excellent choice for sending money from the UK to the Philippines. Their user-friendly platform ensures a seamless remittance experience for users.Wise Money Transfer Formerly known as TransferWise, Wise provides transparent exchange rates and minimal fees, allowing users to send money with confidence. With millions of satisfied customers worldwide, Wise offers a reliable and cost-effective solution for international transfers. Instarem Money TransferInstarem offers competitive rates, no hidden fees, and real-time tracking, ensuring transparency and security throughout the transfer process. With Instarem, users can send money to the Philippines quickly and conveniently.PassToPassTo specializes in tailored remittance solutions for migrants, offering flexibility, convenience, and personalized service. With a focus on customer satisfaction and reliability, PassTo is an excellent choice for sending money to the Philippines and beyond.Frequently Asked QuestionsQ: What are the best rates from GBP to PHP?A: As exchange rates fluctuate, it's advisable to monitor platforms like CompareRemit to find the best rates from GBP to PHP offered by various remittance providers.Q: When is the best time to transfer money from the UK to Philippines?A: Monitor exchange rate trends and utilize comparison tools to identify favorable transfer windows.Q: How can I compare money transfer services from the UK to Philippines?A: Utilize comparison sites like CompareRemit to compare money transfer services based on exchange rates, fees, transfer speed, and customer reviews.Q: What is the best way to transfer money to the Philippines online?A: The best way to transfer money to the Philippines online is to use a reputable remittance provider, ensuring competitive rates and secure transactions.Q: How can I ensure the safety and security of my money transfers?A: Choose reputable remittance providers with robust security measures in place to safeguard your transactions.

Insurance Risks
Risks That Travel Insurance Can Help Protect (2024)

When planning for an upcoming trip, deciding whether to invest in travel insurance is a significant choice that may be in your best interest not to overlook. Travel insurance serves as a financial safety net, protecting you from a myriad of potential risks during your journeys. As you begin your research, you will notice there are two types of travel insurance: trip insurance and travel medical insurance–also known as visitors insurance. It can be very confusing, we know. But don’t worry. In this guide, we'll delve into the advantages of travel insurance, clarify the distinctions between trip and travel insurance, and provide clarity and insight into its often-overlooked perks.How Important is Travel Insurance?Travel insurance works as a shield against the various financial risks associated with traveling. Whether it's a sudden illness, a missed flight, or lost baggage, having the right travel insurance can alleviate the financial burdens that may arise during your trip.What is the Difference Between Tip Insurance and Visitors Insurance?Long story short, the difference is simple, think of trip insurance as insurance for your trip itself while travel medical insurance–aka visitors insurance–serves as insurance for you while you are on the trip. While both types of insurance offer protection during travel, their primary purposes differ. Trip insurance safeguards your investment in the cost of your trip, while travel medical insurance prioritizes your health and well-being during the journey. Please note that only U.S. residents are eligible to purchase trip insurance, and coverage extends to both domestic and international travel.Exploring the Benefits of Travel InsuranceWhile common risks like trip cancellations and medical emergencies are well-known, there are several benefits that travel insurance offers which many don’t even know about, providing a broader safety net for travelers. Let's unravel just some of these often-overlooked advantages. Benefits of Trip Insurance1. Coverage Beyond Trip CancellationsTrip cancellations or interruptions are inevitable. Trip insurance, with its Trip Cancellation coverage, acts as a safeguard for your invested time and money. It can refund 100% of your trip expenses for covered reasons, including illness or death of you, a family member, or a travel companion, extreme weather, or terrorist attacks.Trip cancellations are a common concern, but travel insurance extends its coverage beyond this. It safeguards your prepaid and non-refundable trip expenses in case of unavoidable circumstances.2. Protection Against Flight DelaysFlight delays or missed connections can disrupt your travel plans. Trip insurance steps in to cover financial losses incurred due to delays caused by factors beyond your control, including extreme weather, natural disasters, plane breakdowns, or accidents on the way to the airport.3. Safeguarding Your BelongingsLost, damaged, or stolen baggage can add stress to your travel experience. Trip insurance offers coverage for delayed baggage, allowing you to claim expenses for essential items after a waiting period. In case of permanent loss or damage, reimbursement is provided to replace the lost items.4. Addressing Unconventional RisksFor situations not covered by standard plans, such as unconventional trip cancellations, opting for a "Cancel for Any Reason" insurance plan provides flexibility. Though relatively more expensive, this upgrade offers reimbursement for refundable trip costs and specific non-refundable deposits.You can also see a more detailed list of what can be covered by your trip insurance. Benefits of Travel Medical Insurance1. Comprehensive Medical CoverageTravel medical insurance largely serves to cover unexpected medical expenses during your journey. This includes reimbursement for medical treatments, ambulance services, and hospital charges in case of illness or injury. This aspect is particularly beneficial for elderly parents traveling to the U.S.2. Emergency EvacuationIn the case that those who are covered by the insurance need emergency medical evacuation some travel medical plans help cover the evacuation. Without this coverage, should you need to be airlifted or evacuated, you could be facing a cost upwards of ten thousand dollars.3. Emergency Medical ReunionIn the unfortunate case that you face a major medical emergency during your travels, travel medical insurance can cover the transportation of your loved ones from back home to be there with you during your hospitalization. 4. Trip InterruptionIf you have to cut your trip short, some travel medical insurance plans would cover their stated amount for the non-refundable, unused travel expenses that canceling your trip halfway would incur. Make sure you read the details of the plan you are planning to purchase thoroughly to see the extent of coverage if unexpected interruption is something you are concerned about. You can also see a more detailed list of what can be covered by your visitors insurance. Choosing the Right Travel InsuranceIt's crucial to recognize that different insurance providers offer varied coverage plans. Factors like non-refundability, traveler's age, pre-existing conditions, the value of luggage, and existing coverage from health insurance, life insurance, renters' insurance, or credit cards play a role in determining the best travel insurance plan.If you are someone who travels frequently or are purchasing travel insurance plans for parents who plan to make the same trip often, we also suggest looking for a travel insurance plan with easy renewal. Do not worry, most plans today have a very easy renewal system so you can travel again and again with no hassle. Who Should Opt for Travel Insurance?Trip Insurance: Opt for travel insurance if you're concerned about trip cancellations, interruptions, or non-medical incidents. It's ideal for travelers who have invested significant sums in their trip and want financial protection against unforeseen events.Travel Insurance: Choose travel medical insurance if your primary concern is health-related emergencies during your trip. It's essential for travelers who want comprehensive coverage for medical expenses abroad, ensuring access to quality healthcare without worrying about exorbitant costs.Visitors insurance is also the best option for those looking to purchase travel insurance for their parents visiting or traveling.  Related Article: Visitor Insurance for Parents Visiting USAConclusion: Empowering Your TravelsIn conclusion, travel insurance is not merely a safety net; it's a comprehensive companion that grants peace of mind during your journeys. As you plan your next adventure, take the time to understand the nuances of travel insurance, evaluate your options, and ensure you have the best travel insurance plan tailored to your specific needs.__FAQs: Demystifying Travel Insurance FearsWhat does travel insurance cover?Travel insurance typically covers a range of risks, including trip cancellations, medical emergencies, delayed or lost baggage, flight cancellations, and certain unexpected incidents.Does my health insurance cover international travel?Most health insurance policies have limited or no coverage for international travel. Travel medical insurance is specifically designed to address the unique risks associated with traveling abroad.Does travel insurance cover illnesses?Yes, visitors' insurance often covers medical expenses incurred due to new illnesses during your trip. This includes reimbursement for medical treatments, ambulance services, and hospital charges.Does travel insurance cover flight cancellations?Yes, trip insurance typically covers flight cancellations due to reasons such as illness, extreme weather, or other unforeseen circumstances. Reimbursement for prepaid and non-refundable trip expenses is common.Does travel insurance cover COVID-19?Many travel insurance plans provide coverage for COVID-19-related expenses, including medical treatments and trip cancellations. However, coverage details may vary, so it's essential to review your policy.What should travel insurance cover?It depends on whether you opt for travel medical insurance or trip insurance. Ideally, trip insurance should cover delayed or lost baggage, trip cancellations, etc. While travel medical insurance should cover a broad spectrum of medical risks, including medical emergencies, unexpected incidents, a necessary visit to urgent care, etc.. The coverage should align with your specific travel needs and potential risks.Does travel insurance cover hurricanes?Yes, trip insurance often covers trip cancellations, interruptions, or delays caused by hurricanes or other natural disasters. It's essential to check the policy details for specific coverage related to natural calamities.Does travel insurance cover rental cars?Travel insurance may offer coverage for rental cars, typically covering expenses related to theft or damage to the rented vehicle. It's advisable to check the specific coverage details in your travel insurance policy.Does insurance cover travel vaccines?Travel insurance usually does not cover the cost of travel vaccines. This expense is often considered a preventive measure and falls outside the scope of typical travel insurance coverage.How easy is it to renew visitor's insurance?Renewing visitor's insurance is generally a straightforward process. Opting for policies that allow easy renewal is advisable, as it saves time and ensures continuous coverage.

Understanding USD to PHP
Understanding USD to PHP Exchange Rates in 2024

For many immigrants or individuals supporting their families in the Philippines, understanding the fluctuations in USD to PHP exchange rates is very tricky. Navigating the intricacies of these rates involves examining a spectrum of economic, political, and social factors.CompareRemit is here to make life easier for you, so you can make the best decision with little to no hassle on your part. In this guide, we'll unravel the complexities surrounding USD to PHP exchange rates, providing valuable insights to empower you in making informed decisions for your money transfers.​​Interest Rates: The Currency Tug-of-WarOne of the primary factors that influence exchange rates is  interest rates. When the U.S. Federal Reserve adjusts interest rates, it sends ripples through the currency market. Generally, higher interest rates attract foreign investment, strengthening the USD against the PHP. For individuals, keeping an eye on interest rate differentials between the U.S. and the Philippines can offer insights into potential shifts in exchange rates.Inflation: The Balancing ActInflation, the rise in the price of goods and services, plays a pivotal role in currency valuation. Countries experiencing lower inflation rates often witness an appreciation in their currency. Comparing inflation rates between the U.S. and the Philippines allows you to gauge the potential strength of the USD. A lower inflation rate in the U.S. compared to the Philippines may contribute to a stronger USD.Government Policies: Shaping Economic StabilityGovernment decisions and economic policies, both domestic and international, have large impacts on exchange rates. Policies promoting economic stability, prudent fiscal management, and sound monetary measures contribute to a stronger currency. Staying informed about the policies of both the U.S. and the Philippines will allow you to gain an understanding of the economic health and help predict dips and rises in exchange rates. Trade Balances: A Global PerspectiveThe dynamics of global trade, including exports and imports, definitely impact currency values. A country with a trade surplus, exporting more than it imports, may see a stronger currency. It might be very tedious to stay up to date with trade imbalances between the U.S. and the Philippines, but doing so can serve as an indicator of potential exchange rate movements.Historical Data: Patterns and PredictionsAnalyzing historical USD to PHP exchange rate trends can reveal patterns and provide insights. While past performance doesn't guarantee future results, understanding how rates responded to similar economic, political, or social events can guide your decisions. Historical data offers a valuable tool for predicting potential movements in exchange rates.Practical Tips for Informed Money TransfersStay Informed: Regularly follow financial news and updates from both the U.S. and the Philippines to understand the broader economic context. Regularly read our blogs to stay up to date with all the major money transfer news. Utilize Reliable Tools: Use CompareRemit’s online comparison tool and email alerts to track real-time exchange rates, ensuring you get the best value for your money transfers.Seek Professional Advice: Consulting financial experts or using professional services can provide personalized insights tailored to your specific situation, enhancing your decision-making process.In conclusion, comprehending the factors influencing USD to PHP exchange rates empowers you to make informed decisions when sending money to the Philippines. By staying attuned to economic indicators, leveraging historical data, and adopting a proactive approach, you optimize your money transfers, securing a more stable financial future for your loved ones.

Download the CompareRemit App
Download the CompareRemit App
Personalize your CompareRemit experience with your preferred corridor and receive target exchange rate notifications, seamless transitions to partner apps, and real-time comparisons of top remittance providers at your fingertips.
Personalize your CompareRemit experience with your preferred corridor and receive target exchange rate notifications, seamless transitions to partner apps, and real-time comparisons of top remittance providers at your fingertips.

Get Listed or Advertise

Download Our Free App

Try our faster, enhanced mobile app for a better experience

CompareRemit App