Western Union's Intermex acquisition clears New York but faces delay in California review

Western Union's planned $500 million acquisition of International Money Express (Intermex) has received regulatory approval from New York after commitments on remittance services, but the deal is stalled in California where further review is required. The California Department of Financial Protection and Innovation suspended its approval extension to examine the transaction's impact on state operations. Western Union and Intermex intend to address California's concerns and seek reinstatement of approval to complete the acquisition, which aims to strengthen Western Union's U.S. retail presence and accelerate digital growth.