International Money Express, Inc. Registers Record Remittances in October and Market Share Gains in the Third Quarter of 2020...
November 10 2020 - 09:00AM
International Money Express, Inc. (NASDAQ: IMXI) (Intermex), a
leading money remittance services company, today announced that it
set an all-time one month high in October, initiating 3.1 million
remittances, up 19.3% over October 2019. This performance exceeds
the previous remittances record that was just set in August 2020.
Contributing to this record performance were monthly all-time high
transactions to Mexico, Guatemala, El Salvador, Honduras, and
others.
This positive momentum also led to accelerating market share
gains for the third quarter of 2020. In our core markets of Mexico,
Guatemala, El Salvador, and Honduras, which was 76% of the total
Latin American market as of December 20191, Intermex realized 20.0%
market share for the third quarter of 2020, up from 18.7% in the
prior year third quarter.
“Delivering this record monthly result and strong quarterly
performance is a testament to the International Money Express
brand, with our focused, high quality agent network strategy, and
our ability to provide high reliability and service quality.
Generating this type of performance is even more impressive when
you consider the United States, as well as Latin American and
African countries are experiencing pandemic related disruptions,”
said Chairman, CEO and President, Bob Lisy.
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 Relationstel:
305-671-8005mgallentine@intermexusa.com
1 December 2019 is the latest data available for all of the
Latin American countries.
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