Sunday 19 September 2021

Walmart ventures into remittances in Costa Rica through its Money Center

Service centers located in its supermarkets

Paying the bills

Latest

Athleta women’s brand opened its first store outside North America in Costa Rica

QCOSTARICA - Gap Inc.'s Athleta brand announced the opening...

Carlos Alvarado: Vaccine retention ‘delays global solution and increases risk of new virus variables’

QCOSTARICA - Costa Rica President Carlos Alvarado showed his...

Top 8 Ways To Make Money in 2021

There are many legal ways to make money in...

Otto Guevara compares Daniel Salas with a dictator for sanitary measures

QCOSTARICA - The vehicle restriction of odds and evens...

Today’s Vehicle Restriction September 19: “EVEN” ending plates CANNOT circulate

QCOSTARICA - For today, September 19, vehicles with EVEN...

What are we celebrating?

QCOSTARICA - From the gallows humor department is the...
Paying the bills

Share

QCOSTARICA – The retail giant in Costa Rica, Walmart, reported its entry into the market for sending or receiving remittances in Costa Rica, through its Money Center kiosks located in its supermarkets.

Money Center replaces Servimas at Walmart chain of stores such as Walmart, Masxmenos, MaxiPali and Pali

According to the multinational, the Money Centers operate in its 14 Walmart stores, 38 Masxmenos, 5 Maxi Palí, and 4 Palí, strategically located across the seven provinces.

- Advertisement -

The retailer said it anticipates that this number of service kiosks could grow in the second half of the year, as options are evaluated in rural areas and high population density points of sale.

Up the end of May of this year, sending and receiving money to and from Costa Rica at the Walmart chain of supermarkets was handled by Airpak, the exclusive representative of Western Union in Costa Rica.

That changed last month, with the introduction of Money Center. “This change seeks to improve the offer of services at the Money Center,” explained Mariela Pacheco, Deputy Manager of Corporate Affairs at Walmart.

She added that the agreement with Airpak has been in place since 2018 and that the number of service positions is now being changed, through Walmart’s own kiosks.

Anywhere in the world

In a statement on Tuesday, July 13, Walmart explained that those who want to send remittances through the Money Center can do so anywhere in the world.

It can be done without a minimum amount and a maximum of US$3,000. The receipt of currency will be in cash, in colones (the transfer is made in U.S. dollars and the client pays in colones).

- Advertisement -

Receiving money will be in colones and available at any of the 61 Money Centers in the country, with ID (passport or cedula) and transaction number.

Pacheco explained that these services are part of the chain’s strategy to offer customers a comprehensive value proposition, in which they can find everything they need in one place.

“As part of our growth and continuous improvement processes, as of May, we incorporate the remittance service available to all customers who are registered with Western Union (Airpak),” added the assistant manager.

The Walmart statement details that the Money Center kiosks offer services such as payments of public services (water, electricity and telephone), credit cards, bank loans, cable and Internet subscriptions, security, tolls, as well as payments to the Caja Costarricense de Seguro Social (CCSS), Ministry of Finance and Marchamo.

- Advertisement -

All the above was previously handled under the Servimas brand, which was developed by the Masxmenos stores prior to Walmart’s purchase.

 

- Advertisement -
Paying the bills
Ricohttp://www.theqmedia.com
"Rico" is the crazy mind behind the Q media websites, a series of online magazines where everything is Q! In these times of new normal, stay at home. Stay safe. Stay healthy.

Related Articles

Remittances grow in Nicaragua despite the coronavirus pandemic

“Everybody sends money to family members for their daily subsistence and...

Walmart Exploiting Our Love of Bananas

Vice.com's Munchies reports that at Walmart, it's all about the banana....

Subscribe to our stories

To be updated with all the latest news, offers and special announcements.

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.