Wal-Mart Takes the Fight to MoneyGram and Western Union

Shares of MoneyGram (NASDAQ: MGI  ) and Western Union (NYSE: WU  ) fell today, after Wal-Mart (NYSE: WMT  ) announced that it would be getting into the business of money transfers, and significantly undercutting the competition on price. For comparison, Wal-Mart will charge $9.50 for a $900 transfer, while the competitors charge nearly eight times that amount, according to the Wall Street Journal.

In this segment from Thursday's Where the Money Is, host Alison Southwick and Motley Fool analyst Matt Koppenheffer take a look at the money transfer business, and just how big of a blow to the competition this move by Wal-Mart really is.

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To learn about two retailers with especially good prospects, take a look at The Motley Fool's special free report: "The Death of Wal-Mart: The Real Cash Kings Changing the Face of Retail." In it, you'll see how these two cash kings are able to consistently outperform, and how they're planning to ride the waves of retail's changing tide. You can access it by clicking here.


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Related Tickers

11/28/2014 12:59 PM
MGI $8.62 Down -0.16 -1.82%
MoneyGram Internat… CAPS Rating: **
WMT $87.54 Up +2.56 +3.01%
Wal-Mart Stores CAPS Rating: ***
WU $18.58 Up +0.30 +1.64%
Western Union CAPS Rating: ****

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