Western Union and Intermex Provide Update on Pending Acquisition
NYDFS approved the acquisition after Western Union made commitments on remittance services and locations, while California regulators suspended a prior approval extension.
- On Friday, August 14, 2026, The Western Union Company and International Money Express, Inc. announced regulatory approval from the New York State Department of Financial Services for their pending acquisition.
- Yesterday, the California Department of Financial Protection and Innovation suspended a previously granted approval extension, citing a need to review the transaction after the intervening six months since original approval.
- Western Union and Intermex intend to engage promptly with the DFPI to address its questions and seek reinstatement of the approval as soon as practicable.
- The Western Union Company operates across more than 200 countries and territories with nearly 130 currencies, while Intermex facilitates transfers to more than 60 countries.
- Both companies remain committed to completing the transaction, which remains subject to satisfaction or waiver of remaining customary closing conditions pending DFPI reinstatement.
10 Articles
10 Articles
Western Union’s $500M Intermex Deal Hits California Snag
Western Union’s $500 million acquisition of International Money Express is down to one state regulator, but the final stretch became more complicated just as its largest outstanding hurdle disappeared. New York regulators approved the transaction on August 13 after Western Union agreed to preserve remittance services, maintain a physical retail presence and limit certain price increases for three years after closing. On the same day, California’…
Western Union Wrestles With Hitches in Its $500 Million Intermex Deal
The Western Union Co. early Friday said the New York State Department of Financial Services has granted approval to the money-transmitter’s longstanding plan to acquire International Money Express Inc., known as Intermex. But the deal, originally priced at $500 million and announced almost exactly a year ago, has run into an obstacle as the California Department of Financial Protection and Innovation, or DFPI, has suspended an approval it grante…
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