International Money Express, Inc. Delivers Record Remittances in August

Rhea-AI Summary

International Money Express (NASDAQ: IMXI) achieved a record 2,999,869 remittances in August 2020, marking a 13.4% increase compared to August 2019. This milestone reflects significant transaction growth to countries such as Mexico, Guatemala, and Honduras. CEO Bob Lisy highlighted the dedication of agent partners and employees in delivering these essential services, emphasizing Intermex's robust agent network and reliability during challenging times. Founded in 1994, Intermex provides money transfer services across the Americas and selected regions in Africa and Asia.

Positive

• Achieved all-time high sales with 2,999,869 remittances in August 2020, up 13.4% year-over-year.
• Increased transactions notably to Mexico, Guatemala, and Honduras.

Negative

• None.

MIAMI, Sept. 08, 2020 (GLOBE NEWSWIRE) -- International Money Express, Inc. (NASDAQ: IMXI), (Intermex) a leading money remittance services company, today announced that it set an all-time high for one month sales in August delivering 2,999,869 remittances, up 13.4% over August 2019. Contributing to this record performance were all-time high transactions to countries including Mexico, Guatemala, and Honduras.

“We are extremely proud of the dedication and performance of our agent partners and Intermex employees to deliver these critical remittances from the United States and Canada to individuals across Latin America and Africa,” said Chairman, CEO and President, Bob Lisy. “Our ability to attract customers is a testament to Intermex’s focused, high quality agent network strategy, and our ability to provide high reliability and service even during these challenging times,” Mr. Lisy added.

About International Money Express, Inc.
At International Money Express, Inc. (NASDAQ: IMXI), the customer is at the center of everything we do. We use proprietary technology that enables consumers to send money primarily from the United States to 17 countries in Latin America and the Caribbean, including Mexico and Guatemala, and seven countries in Africa and two in Asia. We offer the electronic movement of money to our customers through our network of sending and paying agents and company-operated stores located in all 50 states, the District of Columbia and Puerto Rico, and throughout Latin America, the Caribbean and selected countries in Africa and Asia. Our services are also available digitally through our app, intermexonline.com, and at the company retail locations. We were founded in 1994 and are headquartered in Miami, Florida with offices in Puebla, Mexico, and Guatemala City, Guatemala.

Investor Relations:
Mike Gallentine
Vice President of Investor Relations
tel: 305-671-8005
mgallentine@intermexusa.com

 

FAQ

What was the record number of remittances for International Money Express in August 2020?

International Money Express recorded an all-time high of 2,999,869 remittances in August 2020.

How much did remittance transactions increase year-over-year for August 2020?

Remittance transactions increased by 13.4% compared to August 2019.

Which countries saw the highest transaction growth for International Money Express?

Mexico, Guatemala, and Honduras saw the highest transaction growth.

When was International Money Express founded?

International Money Express was founded in 1994.

What services does International Money Express provide?

International Money Express provides money remittance services primarily from the U.S. to Latin America, the Caribbean, Africa, and Asia.