Large retailers continue to provide banking products. Walmart views money transfers as an indirect revenue driver because their "banking customers" stay in the store longer and purchase more goods.
With the banking and finance industry under so much scrutiny these days, why would Walmart want to subject itself to further regulation? Jackson explains that Walmart’s goal isn’t so much about the fees it can earn by offering these services (though it helps), but rather it’s about keeping customers in stores longer. “If customers are able to make financial transactions in a Walmart store, then they’re more likely to stay and buy something too. Walmart wants you to cash your check there, pay your bills there, send your money to family there and shop,” Jackson says. “ This is Walmart saying, ‘Don’t leave my store,’