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Saturday, 19 April 2014 - 8:14
Wal-Mart in to money transfer business
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Wal-Mart is delving deeper into financial services at its stores and shaking up the money transfer business.

The world's largest retailer introduced a new money transfer service yesterday that it says will cut fees for its low-income customers by as much as 50 percent compared with similar services elsewhere.

The Walmart-2-Walmart service is being rolled out in partnership with Ria Money Transfer, a subsidiary of Euronet Worldwide.
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