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Browse Archive Finance Wal-Mart: to boldly go where no bank has gone before…? - August 2007
Browse Archive Finance Wal-Mart: to boldly go where no bank has gone before…? - August 2007 | Wal-Mart: to boldly go where no bank has gone before…? - August 2007 |
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By leveraging its size and scale, Wal-Mart will be able to do in financial services what it does with retail items: undercut competitor pricing. The consensus is that Wal-Mart can easily afford to invest the time and money to educate the larger unbanked Latino community and can operate at a loss until the product is known and respected within the community. Big banks are well aware that the Latino community is quickly moving into the middle class within a generation of immigrating.| < Prev | Next > |
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