Wal-Mart is boosting in-store financial services

Wal-Mart plans to expand its number of "Money Centers" by 50% this year, bringing the number to 1,500. Precluded by law from forming a bank, Wal-Mart instead has focused on ramping up basic financial services for customers who don't have bank accounts. "We think banks are not as interested in this customer and have a lot of other things on their plates," said Wal-Mart Financial Services President Jane Thompson.

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