Through its 1,200 money centers, unbanked consumers can meet all of their banking needs at greatly reduced cost. From paying bills to wiring money here or abroad, Wal-Mart has made it cheap, easy, and convenient to bank without a bank. Now it’s about to get some sizable competition from Amazon.com (NASDAQ:AMZN), which recently launched its Amazon Cash program that specifically targets this same subset of the population.

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