Intermex (International Money Express, Inc.) is a Miami-based fintech remittance company that enables customers in the U.S. and several other countries to send money to over 60 destinations, with a primary focus on transfers to Latin America and the Caribbean. The company, known for maintaining profitability and winning customers from Western Union, agreed in August 2025 to be acquired by Western Union in an all-cash deal valued at approximately $500 million.
“NYC Mayor Zohran Mamdani is trying to block Western Union from completing its $500 million acquisition of payment transfers firm Intermix, arguing that it could result in higher fees and worse service for New Yorkers seeking to make remittances.”
“Mayors don't typically get involved in mergers, and Mamdani doesn't have any real authority here.”
AI-extracted from podcast / newsletter / paper summaries. May contain errors.