Walmart offers money transfers at cut-rate fees

April 21, 2014 11:44:02 AM PDT
Walmart is letting customers make store-to-store money transfers within the United States at cut-rate fees.

The offer is aimed at lower-income shoppers who often rely on places like check-cashing stores for simple transactions.

Walmart has been cutting into the market for alternative financial products like prepaid debit cards and check cashing.