Intermex and Banco Industrial Launch Zigi App, Transforming the Way Guatemalans Receive Remittances
Rhea-AI Summary
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.
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News Market Reaction
On the day this news was published, IMXI declined NaN%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Market Reality Check
Peers on Argus
Peers show mixed moves, with ALLT up 0.79%, ARQQ up 6.53%, GRRR up 3.69%, while XNET is down 3.71% and BAND down 0.92%, suggesting stock-specific rather than sector-driven dynamics for IMXI.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Dec 02 | Digital partnership launch | Positive | +0.0% | Launch of Zigi App with Banco Industrial to digitize Guatemalan remittances. |
| Nov 20 | Geographic expansion | Positive | +0.1% | Partnership with Orbit Money Transfer to open Canadian remittance corridor. |
| Oct 28 | Strategic alliance | Positive | +0.0% | Alliance with Caribe Express to enhance Dominican Republic remittance services. |
| Oct 07 | Merger clearance step | Positive | +1.1% | Expiration of HSR waiting period for Western Union acquisition of Intermex. |
| Sep 16 | Product enhancement | Positive | +0.1% | Payroll Mastercard program adds no-fee international wires via app and web. |
Recent partnership and product expansion news typically saw small positive or flat price reactions, while regulatory milestones around the Western Union acquisition drew a somewhat stronger positive move.
This announcement highlights Intermex’s strategy of deepening digital remittance capabilities, now via the Zigi App with Banco Industrial in Guatemala on Dec 2, 2025. It follows a Canada expansion with Orbit Money Transfer on Nov 20, 2025 and a Dominican Republic alliance with Caribe Express on Oct 28, 2025. Alongside these growth initiatives, Intermex advanced its all-cash sale to Western Union at $16.00 per share, with HSR clearance reported on Oct 7, 2025. Collectively, the news flow combines strategic expansion with an ongoing merger process.
Market Pulse Summary
This announcement underscored Intermex’s push toward fully digital remittance experiences through the Zigi App launch with Banco Industrial in Guatemala, enabling phone-number-based transfers into bank accounts. It followed other regional partnerships and came alongside progress on an agreed all-cash acquisition by Western Union at $16.00 per share. Investors may watch how quickly digital adoption grows in Guatemala, how it complements earlier alliances, and how execution and regulatory milestones affect the pending merger timeline.
AI-generated analysis. Not financial advice.
MIAMI and GUATEMALA CITY, Dec. 02, 2025 (GLOBE NEWSWIRE) -- International Money Express, Inc. (NASDAQ: IMXI) (“Intermex” or the “Company”), a leading money remittance provider to Latin America and the Caribbean, and Banco Industrial, one of Guatemala’s most trusted financial institutions, have partnered to reshape how Guatemalans receive money from abroad through the launch of the Zigi App, Banco Industrial’s digital financial platform powered by Intermex Digital Solutions.
This strategic alliance introduces a simpler and faster way for Guatemalans to receive remittances directly into their Zigi or Banco Industrial accounts by using only a phone number. Through the Amigo Paisano app, recipients can now access their money instantly and securely without needing to visit a branch or remember account numbers. The process replaces traditional cash pickups with a fully digital experience designed for ease, speed, and security.
Once the money is received, the Zigi App gives users complete control over their funds. They can make payments, send transfers, save money, and even apply for digital credit products that help build financial history. This approach connects more Guatemalans to the formal financial system and opens the door to greater financial inclusion.
“With Zigi, remittances become more than just a transfer. They become a connection between families and opportunity,” said Marcelo Theodoro, Chief Product, Marketing and Digital Officer at Intermex. “Our goal with Banco Industrial is to make sending and receiving money faster, safer, and more meaningful for everyone involved.”
“Zigi is not just a remittance tool. It is a gateway to financial progress,” said Michel Caputi, CEO of Zigi and Head of Strategic Alliances at Banco Industrial. “By combining Banco Industrial’s trust with Zigi’s technology, we are giving families the ability to save, pay, and build credit. We are turning remittances into real opportunities for financial growth.”
“Integrating Zigi helps us create a seamless experience that strengthens customer trust,” said Claudio Guinac, Remittance Services Manager at Banco Industrial. “It also supports our mission to connect more Guatemalans to the formal financial system,” added Ana Lucía Chávez, Head of Trading and Commercial Relations at Banco Industrial.
The Zigi App is now available to eligible users in Guatemala with promotional rates through Amigo Paisano. In the coming months, Intermex, Banco Industrial, and Zigi will expand the program’s reach through education efforts, product enhancements, and partnerships that encourage adoption and long-term impact for Guatemalan families.
About Intermex:
Founded in 1994, International Money Express, Inc. (NASDAQ: IMXI) enables consumers to send money from the United States, Canada, Spain, Italy, the United Kingdom, and Germany to more than 60 countries. The company provides digital money movement through agent retailers, company-operated stores, mobile apps, and websites. Transactions are fulfilled through thousands of retail and bank locations worldwide. Intermex is headquartered in Miami, Florida, with international offices in Puebla, Mexico; Guatemala City, Guatemala; London, England; and Madrid, Spain. For more information, visit www.intermexonline.com
Intermex Contact:
Alex Sadowski
IR@intermexusa.com
FAQ
What did Intermex (IMXI) announce on Dec. 2, 2025 about Guatemala remittances?
How does the Zigi App change remittance delivery for Guatemalans using IMXI services?
Are there promotional rates for Zigi remittances through Amigo Paisano and who is eligible?
What financial features does Zigi provide to users under the Intermex and Banco Industrial partnership?
Will Intermex and Banco Industrial expand the Zigi program beyond the initial launch?
