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PayPal Rises on New Partnership With Walmart

October 11, 2018

Via: TheStreet

PayPal Holdings Inc. (PYPL) is going brick-and-mortar.

The digital payment service announced a partnership with Walmart Inc. (WMT) that will allow customers to withdraw and deposit funds to and from their accounts at Walmart stores.

PayPal shares were up 1.7% early Thursday.

The two companies will charge an exclusive fee of $3 per service. This is the first time PayPal will allow users to take cash out of their accounts at a physical location.

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