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Western Union is acquiring money transfer service International Money Express (Intermex) for $500 million. The deal is designed to bolster Western Union's retail business in the U.S. while helping it speed digital customer acquisition, the company said in a Sunday (Aug. 10) news release.
Money transfer company Western Union said on Sunday it will acquire Intermex , a U.S. firm that focuses on payment transfers to Latin America and the Caribbean, for about $500 million in cash.
DENVER & MIAMI--(BUSINESS WIRE)--The Western Union Company (“Western Union”) (NYSE: WU) and International Money Express, Inc. (“Intermex”) (NASDAQ: IMXI) today announced they have entered into a definitive agreement under which Western Union will acquire Intermex in an all-cash transaction at $16.00 per IMXI share, representing a total equity and enterprise value of approximately $500 million. This acquisition strengthens Western Union's retail offering in the U.S., expands market coverage in h.
TORONTO--(BUSINESS WIRE)--With nation-building and Canadian pride on people's minds across the country, we can't forget that the story of Canada includes the individual stories of immigrants who have helped build this nation. For the 17th year, Canadian Immigrant, with the support of presenting sponsor Western Union, is recognizing and celebrating these nation builders with the Top 25 Canadian Immigrant Awards of 2025. The Top 25 Canadian Immigrant Awards, also supported by COSTI and Edward Jon.
Western Union is joining forces with two African FinTechs to provide international money transfer services. The collaboration, announced Wednesday (July 30), will see Western Union work with Zambia's Zoona Transactions and its parent company Chipper Cash, letting customers in Zambia send and receive money around the world.
WU slides 4% after Q2 earnings and revenues miss estimates and full-year guidance is lowered.
Western Union Co WU reported downbeat earnings for the second quarter on Monday.
The Western Union Company (NYSE:WU ) Q2 2025 Earnings Conference Call July 28, 2025 4:30 PM ET Company Participants Devin B. McGranahan - President, CEO & Director Matthew Cagwin - Executive VP & CFO Conference Call Participants Christopher Nathaniel Svensson - Deutsche Bank AG, Research Division James Eric Friedman - Susquehanna Financial Group, LLLP, Research Division Ramsey Clark El-Assal - Barclays Bank PLC, Research Division Rayna Kumar - Oppenheimer & Co. Inc., Research Division Timothy Edward Chiodo - UBS Investment Bank, Research Division Vasundhara Govil - Keefe, Bruyette, & Woods, Inc., Research Division William Alfred Nance - Goldman Sachs Group, Inc., Research Division Zachary G.
Western Union (WU) came out with quarterly earnings of $0.42 per share, missing the Zacks Consensus Estimate of $0.44 per share. This compares to earnings of $0.44 per share a year ago.
