WalMart enters banking business

AlfredSokol said: "It's sort of surprising they haven't always been it, but [url=http://news.yahoo.com/s/ap/20050719/ap_on_bi_ge/wal_mart_bank]WalMart enters banking business[/url]"

Heather said: "They are also planning on [URL=http://news.yahoo.com/s/ap/20050725/ap_on_bi_ge/china_wal_mart]opening 42 stores[/URL] in China by the end of next year. That is another way to make more profits, by opening more stores."

AlfredSokol said: "They certainly have great bulk. They can compete with any company in any industry on sheer size alone."

alhamid said: "they do this to cut their transaction costs. they now pay a processor a % of every sale."

roadwarrior said: "walmart banking, next we'll have amazon banking... what's thereafter, google banking?? :eek:"