Western Union Makes $500M Acquisition

Western Union makes $500M acquisition

The old line money transfer company bought a rival as it seeks to bolster growth, particularly in Latin America.

Western Union CEO: ICE raids, tariffs no threat to Intermex deal

Analysts said trade war-related issues are pressuring the U.S./Mexico remittance corridor, lowering the value of the Western Union/Intermex acquisition. Devin McGranahan told American Banker Instamex's technology and footprint provide a path for future expansion.