Bankless Wal-Mart Seeks Unbanked Consumers

BENTONVILLE, Ark. In counterpoint to its recent overtures to a more upscale clientele, Wal-Mart Stores will aggressively roll out a financial services program aimed primarily at lower-income customers. The announcement last week that it will install 1,000 MoneyCenter departments and offer a co-branded prepaid debit card follows the company's withdrawal in March of its application to create a banking

BENTONVILLE, Ark. — In counterpoint to its recent overtures to a more upscale clientele, Wal-Mart Stores will aggressively roll out a financial services program aimed primarily at lower-income customers.

The announcement last week that it will install 1,000 MoneyCenter departments and offer a co-branded prepaid debit card follows the company's withdrawal in March of its application to create a banking entity.

At the time, Wal-Mart had said that it wanted the bank — char

Register to view the full article

Already a member? .

TAGS: Walmart