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Wal-Mart Brings Falling Prices to the Volatile World of Money Transfers

Enviado por Mariela en Lun, 10/19/2015 - 16:32
Cita: 

Bachman, Justin [2014], “Wal-Mart Brings Falling Prices to the Volatile World of Money Transfers”, Business Week, New York, 24 de abril, http://www.bloomberg.com/bw/articles/2014-04-24/wal-mart-brings-falling-... [1]

Fuente: 
Business Week
Fecha de publicación: 
Jueves, Abril 24, 2014
Idea principal: 

Wal-Mart Stores often relishes the role of price disruptor, and the retail behemoth has now turned its penny-pinching attention to the business of transferring cash. That has caused great distress for MoneyGram, a Walmart partner for transfers and now newly minted rival, as well as other incumbents. When the Walmart-2-Walmart money-transfer service launches at 4,000 US locations on Thursday, it will cost $2 less than the $11.50 MoneyGram charges to move $50 to $200 between any two stores. The retailer is working with Ria, a provider of money transfers. MoneyGram CEO Pamela Patsley said her company won't match the lower prices -- at least initially. MoneyGram will remain very measured, disciplined, and targeted in its response to competition. That's always been a tenet of their business.


Source URL (modified on 19 Octubre 2015 - 4:32pm):https://let.iiec.unam.mx/node/437

Links
[1] http://www.bloomberg.com/bw/articles/2014-04-24/wal-mart-brings-falling-prices-to-the-volatile-world-of-money-transfers