"Intermex forms data and intelligence alliance with our platform"

"Intermex forms data and intelligence alliance with our platform"

In a groundbreaking move, a leading market-leading provider of cross-border payments data and intelligence has teamed up with Intermex, a renowned omnichannel money transfer service provider. This strategic partnership aims to revolutionize global money transfer operations, enabling businesses to embed fast, secure cross-border payments directly into their platforms through Intermex’s redesigned Remittance-as-a-Service (RaaS) platform [1][2][3].

The partnership simplifies regulatory compliance, technology integration, and licensing, providing a turnkey solution with extensive payout networks primarily in Latin America, the Caribbean, and select countries in Southeast Asia, the European Union, and Africa. This collaboration unlocks new cross-border revenue streams and accelerates market growth [1][2].

Key benefits of the partnership include:

1. Simplified Cross-Border Payment Integration: Businesses, including U.S. fintechs and established payment providers, can now offer branded person-to-person and business-to-person payment services without developing complex infrastructure or navigating regulatory barriers [1][2].
2. Expanded Market Reach: The partnership supports payments to multiple emerging and developed markets, enabling broader financial inclusion and deeper market penetration in regions like Mexico, Guatemala, Honduras, the Dominican Republic, El Salvador, Southeast Asia, Europe, and Africa [1][2].
3. Enhanced Operational Capabilities: The platform integrates anti-fraud tools, merchant account management, KYC (Know Your Customer), and AML (Anti-Money Laundering) compliance, supporting secure and compliant transactions 24/7 with bilingual support [3].
4. Revenue Growth Opportunities: By enabling partners to create their own branded payment services on a proven infrastructure, the partnership drives new revenue streams for businesses leveraging global remittances [1][2].

Our platform will also provide Intermex with top-tier remittances benchmarking pricing data via a sophisticated pricing platform. This data will help Intermex craft a unique pricing strategy for each channel, advancing its winning strategy [4].

Intermex, headquartered in Miami, Florida, with international offices in Puebla, Mexico, Guatemala City, Guatemala, and Madrid, Spain, fulfills transactions through a network of agent retailers, Company-operated stores, mobile app, and website. Transactions are paid through thousands of retail and bank locations worldwide [5].

Marcelo Theodoro, Chief Digital, Product & Marketing Officer at Intermex, emphasizes the importance of offering just and equitable prices for remittances. Ben Disley, Head of Commercial at our platform, shares this sentiment, believing the partnership will help Intermex enhance its pricing strategy, ensuring consumer satisfaction and value [6].

The partnership underscores our platform's commitment to empower payment providers with the knowledge needed to thrive in competitive and evolving markets [7]. Moreover, our platform's data is used by international bodies like the World Bank and the Financial Stability Board, demonstrating its industry-leading position [8].

For those interested in staying updated on the cross-border payments market, our platform offers a newsletter providing weekly analysis and insights [9]. The platform's data is updated at high frequency to provide clients with a competitive edge [10].

In summary, this partnership drives significant operational efficiencies, market expansion, and revenue growth potential in the global cross-border payments ecosystem, positioning Intermex as a leading enabler for innovative and compliant money transfer solutions [1][2][3].

References:

1. [Link to Reference 1]
2. [Link to Reference 2]
3. [Link to Reference 3]
4. [Link to Reference 4]
5. [Link to Reference 5]
6. [Link to Reference 6]
7. [Link to Reference 7]
8. [Link to Reference 8]
9. [Link to Reference 9]
10. [Link to Reference 10]
11. The partnership with the market-leading provider of cross-border payments data and intelligence will help Intermex, a finance company specializing in money transfer services, utilize a pricing dataset to formulate unique pricing strategies for each channel, enhancing consumer satisfaction and value.
12. By leveraging the business-oriented technology provided by this partnership, Intermex can embed fast, secure cross-border payments directly into their platforms, thus unlocking new revenue streams and accelerating market growth, particularly in regions like Latin America, the Caribbean, Southeast Asia, the European Union, and Africa.

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