Western Union to acquire International Money Express for $500m.

Western Union, a company specializing in money transfers, agreed to acquire International Money Express, a fintech company, for $500m. “This acquisition is a disciplined, strategic step that strengthens our North America operations and expands our presence with key consumer segments across the US. Intermex has built a well-recognized brand, as well as strong agent and customer relationships. Together, we will expand our retail footprint, unlock operational efficiencies, and accelerate digital engagement,” Devin McGranahan, Western Union President and CEO.