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International Money Express, Inc. provides omnichannel money remittance services focused on corridors from the United States and Canada to Latin America, the Caribbean and other international markets. Company news commonly covers digital money-transfer partnerships, payout-network expansion, wire transfer services, money order activity and technology used to support branded and business-to-business remittance programs.
Recurring developments include alliances with banks, fintechs and money service businesses, digital account-to-account receiving options, payroll card features, mobile and web remittance tools, and expansion of Intermex transfer infrastructure into additional corridors such as Canada, the Dominican Republic, Guatemala and Africa.
Western Union (NYSE: WU) and Intermex (NASDAQ: IMXI) reported progress and a setback on regulatory approvals for Western Union’s pending acquisition of Intermex. The companies received approval from the New York State Department of Financial Services (NYDFS), with Western Union making commitments regarding remittance services and locations in New York after closing.
Also on August 13, 2026, the companies received a letter from the California Department of Financial Protection and Innovation (DFPI) suspending the extension of its earlier approval, citing a need to further review the transaction and its impact on California operations. Western Union and Intermex plan to engage promptly with the DFPI to address questions and seek reinstatement of the approval, and they state they remain committed to completing the transaction, aiming to close promptly after DFPI approval is reinstated and remaining customary conditions are satisfied or waived.
Western Union (NYSE: WU) and Intermex (NASDAQ: IMXI) announced an update on regulatory approvals for Western Union’s pending acquisition of Intermex. The companies received approval from the New York State Department of Financial Services (NYDFS), with Western Union making certain commitments regarding remittance services and locations in New York after closing.
On August 13, 2026, the companies also received a letter from the California Department of Financial Protection and Innovation (DFPI) suspending the previously granted approval extension. The DFPI cited a need to further review the transaction and examine its impact on California operations. Western Union and Intermex plan to engage promptly with the DFPI to address its questions and seek reinstatement of the approval. They remain committed to completing the transaction and intend to close promptly after DFPI approval is reinstated, subject to remaining customary closing conditions.
Western Union (NYSE: WU) and Intermex (NASDAQ: IMXI) issued an update on the approval process for Western Union’s pending acquisition of Intermex.
Money transmission regulators in 51 applicable U.S. states and territories and all international jurisdictions have granted approval or non-objection, with one U.S. state still pending. The companies remain in active discussions with regulators, including the New York State Department of Financial Services, and expect to close the deal as soon as reasonably practicable after final approval and other customary closing conditions.
Intermex (NASDAQ: IMXI) and Banco Industrial launched the Zigi App in Guatemala on Dec. 2, 2025, integrating Intermex Digital Solutions into Banco Industrial’s digital platform.
The partnership enables Guatemalans to receive remittances directly into Zigi or Banco Industrial accounts using only a phone number via the Amigo Paisano app, replacing cash pickups with instant digital access. Zigi also lets users pay, transfer, save, and apply for digital credit to build financial history. Promotional rates are available for eligible users, with planned expansion through education, product enhancements, and partnerships.
International Money Express (NASDAQ: IMXI) announced a partnership with Orbit Money Transfer in Canada on Nov. 20, 2025 to enable Orbit customers to send remittances to Intermex’s payout network across Latin America and the Caribbean.
The collaboration connects Orbit’s digital platform and retail branches to thousands of payout locations — including banks, mobile wallets, and retail stores in Mexico, Guatemala, El Salvador, Honduras, and the Dominican Republic — and leverages Intermex’s Business-to-Business Solutions for technology, compliance, and settlement support.
International Money Express (NASDAQ: IMXI) announced a strategic alliance with Caribe Express on October 28, 2025 to improve remittance services between the United States and the Dominican Republic. The partnership pairs Intermex’s digital infrastructure and La Nacional brand with Caribe Express’s national payout network and market recognition to accelerate speed, transparency, and convenience for customers.
The companies said the alliance strengthens Intermex’s Dominican Republic footprint and advances goals of innovation, financial inclusion, and a more customer-focused remittance experience.
Western Union (NYSE: WU) and International Money Express (NASDAQ: IMXI) announced that the Hart-Scott-Rodino waiting period has expired in connection with Western Union’s planned acquisition of Intermex. This expiration represents a key antitrust procedural clearance for the transaction.
The companies said the acquisition is expected to close in mid-2026, but remains subject to other regulatory approvals, Intermex stockholder approval, and the satisfaction or waiver of customary closing conditions.
Intermex (NASDAQ: IMXI), a leading money remittance provider, has enhanced its Payroll Card Program in collaboration with Central Payments. The program now offers no-fee international wire transfers through their mobile app and web platform.
The expanded program helps U.S. employers digitize payroll disbursement at no additional cost, eliminating paper checks and cash handling. Employees receive quick, secure access to wages and digital economy integration. The initiative combines payroll services with remittance capabilities, creating an inclusive financial solution that reduces costs for workers who traditionally rely on check-cashing services.
International Money Express (NASDAQ: IMXI) has announced a strategic partnership with African fintech company Zeepay to expand its money transfer services to Africa. The collaboration will utilize Intermex's Wire-as-a-Service platform to serve African communities in the United States and Europe.
The partnership combines Intermex's technology with Zeepay's regional network to enable money transfers across Africa, with expansion planned through Zeepay's retail stores in the U.S. and digital channels in Europe. As part of the arrangement, Zeepay will lead Intermex's Africa business operations, marking a significant step in Intermex's global diversification strategy.
International Money Express (NASDAQ: IMXI) reported Q2 2025 financial results, showing revenue decline to $161.1 million, down 6.1% year-over-year. The company posted net income of $11.0 million and diluted EPS of $0.37, decreases of 21.4% and 11.9% respectively.
Key metrics show 14.1 million money transfer transactions, down 7.8%, though average principal per transaction increased 5.0% to $441. Adjusted EBITDA decreased 7.4% to $28.8 million. Notably, IMXI announced its pending acquisition by Western Union in an all-cash merger at $16.00 per share.
The company maintained strong liquidity with $174.7 million in cash and cash equivalents, while continuing its share repurchase program with 980,341 shares bought for $11.4 million in Q2 2025.