Intermex Partners With Visa To Enhance Money Transfer Service Offerings
Portfolio Pulse from Benzinga Newsdesk
International Money Express, Inc. (Intermex) partners with Visa to enhance its money transfer services. The collaboration enables fast transfers to Visa cards and bank accounts in over 20 new countries. Visa Direct will be integrated into Intermex's platform, offering improved services to countries in Asia, Africa, Europe, and the Caribbean. The service was launched on 12/15/2023 and is available through the Intermex app on Apple and Google Play stores.
December 19, 2023 | 9:11 pm
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POSITIVE IMPACT
Intermex's partnership with Visa to enhance money transfer services is likely to improve its market position by expanding its service offerings to new countries and leveraging Visa's extensive network.
The partnership with Visa is significant for Intermex as it allows the company to expand its services to new markets and improve the speed and convenience of its money transfers. This strategic move is likely to be viewed positively by investors and could lead to increased usage of Intermex's services, potentially boosting revenue in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Visa's collaboration with Intermex to enhance money transfer services through Visa Direct may strengthen Visa's position in the money transfer market and showcase the versatility of its payment platform.
Visa's involvement in the partnership with Intermex is likely to have a positive impact on its stock as it demonstrates the company's ongoing expansion and innovation in the digital payments space. However, given Visa's already extensive network and diverse portfolio, the impact may be less pronounced compared to Intermex.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70