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Bharti Walmart, Bharti Retail launch global money transfer service

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Bharti Walmart and Bharti Retail, in association with Thomas Cook India, have announced the launch of MoneyGram International’s global money transfer service in their stores across India. The service will be available in over 121 Easyday and 11 Easyday Market, and 6 Best Price Modern Wholesale stores across Punjab, Haryana, Rajasthan, Uttar Pradesh, Delhi, Madhya Pradesh, Uttarakhand, Chhattisgarh, Karnataka and Jammu & Kashmir.

The global money transfer service augments the value proposition of Easyday, Easyday Market and Best Price Modern Wholesale stores for customers and members by offering them a one-stop shop experience to fulfill their grocery and financial requirements.

In order to receive a money transfer, Indian nationals can show the passcode of the transaction, along with valid photo-identity proof and residence address proof, and as per RBI guidelines draw up to Rs.50,000 in cash immediately. Transactions above Rs.50,000 are given out in cheque. Foreign nationals can also avail of this service and as per existing regulatory policies, can withdraw cash up to equivalent of $2,500 after producing valid Passport and Visa.

“Remittances to India make a major impact in the economic growth and financial stability of its citizens. We are pleased that together with Bharti Walmart and Bharti Retail we can offer our services at retail locations that are open long hours with a reputation for convenience, service and value,” said Dan O’Malley, executive vice-president, MoneyGram International.

Speaking on the occasion, Raj Jain, managing director and CEO, Bharti Walmart Pvt Ltd, said, “At Bharti Walmart, it is our constant endeavour to help people save money so they can live better and the launch of convenient money transfer service through our Best Price Modern Wholesale cash-and-carry stores brings us one step closer to achieving that.”

On the occasion, Madhavan Menon, MD, Thomas Cook (India) Ltd, said, “We are delighted to partner with Bharti Walmart and Bharti Retail in this initiative. The money transfer services will provide several benefits of ease, convenience and value to their customers.”

–IndiaRetailing Bureau

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