Wal-Mart To Start Banking In Mexico

Wal-Mart de México, a subsidiary of the US retail giant Wal-Mart, received the green light from Mexican authorities to establish banking operations in Mexico, along with four other operators: Bancoopel, Prudential Bank, Banco Facil and Comercial del Noreste. Wal-Mart was granted a multiple license, meaning it will be able to offer any kind of financial services via its 826 outlets in Mexico.