Western Union, a financial services company specializing in money transfers, has agreed to acquire Miami-based International Money Express (Intermex) for $500 million in cash, paying $16 per share—a roughly 50% premium to Intermex’s 90-day average price—to strengthen its North American operations and customer reach. Intermex, with a network of 100,000 agents and 117 stores serving over 60 countries, is heavily focused on U.S.–to–Latin America corridors, but faces headwinds from regulatory changes, a proposed 1% tax on certain money transfers, and slowing remittance growth. The deal, expected to close in mid-2026 pending approvals, aims to combine retail networks, improve operational efficiency, and grow digital channels, which—despite 59% growth last year—still make up only a small share of Intermex’s revenues.
Western Union to Acquire Money-Transfer Rival Intermex for $500 Million
