Western Union to Buy Intermex for $500 Million
Hey FinTech Fanatic!
Western Union will acquire International Money Express in an all-cash deal worth about $500 million, paying $16 per share.
The move strengthens its LATAM corridors and expands U.S. retail presence, adding 6 million customers and reinforcing agent relationships.
It is expected to boost digital customer acquisition and deliver $30 million in annual savings within 2 years.
“This acquisition is a disciplined, strategic step that strengthens our North America operations and expands our presence with key consumer segments across the U.S.,” said Devin McGranahan, President & CEO of Western Union. Closing is expected by mid-2026, pending approvals.
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M&A
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