Wal-Mart Expanding Financial Services Arm

Wal-Mart Expanding Financial Services Arm

Wal-Mart Stores Inc., expanding its lucrative push into financial services, said Tuesday it plans to open 500 more MoneyCenters this year ... in-store centers that offer basic financial services such as check cashing, bill payment and money transfers.

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Wal-Mart says the MoneyCenters offer convenience, low prices and an "inviting" and "safe" place to carry out financial transactions.

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