Friday, July 06, 2007
Will Wal-Mart Be Competing With Insurance Companies?
Could Wal-Mart soon be selling insurance products? It's not such a far-fetched possibility, based on last week's announcement by the Bentonville, Ark.-based retail giant that it will open 1,000 Wal-Mart MoneyCenters -– covering one-fourth of its stores -– by the end of 2008.
In an official statement, the company said: "Wal-Mart MoneyCenters will assist customers who are outside mainstream banking with convenient, nationwide access to low-cost money services, including check cashing, money orders, bill payment and money transfers." The company also noted, "Wal-Mart will continue to pilot and test many different products and services in an effort to provide the financial services customers need at various stages of their lives..."
Insurance & Technology: Will Wal-Mart Be Competing With Insurance Companies?
In an official statement, the company said: "Wal-Mart MoneyCenters will assist customers who are outside mainstream banking with convenient, nationwide access to low-cost money services, including check cashing, money orders, bill payment and money transfers." The company also noted, "Wal-Mart will continue to pilot and test many different products and services in an effort to provide the financial services customers need at various stages of their lives..."
Insurance & Technology: Will Wal-Mart Be Competing With Insurance Companies?
Permalink posted by markw @ 1:32 PM 
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