Intermex launches an international top-up service, allowing customers to send mobile airtime to over 130 countries.
Quiver AI Summary
International Money Express, Inc. (Intermex) has launched a new international top-up service in collaboration with Ding, allowing customers to send mobile airtime to over 130 countries. This service enables users to quickly and conveniently add credit to mobile accounts, facilitating communication without the need for contracts. Available at no extra cost across all Intermex retail and digital channels, the feature aims to help families maintain essential connectivity with loved ones abroad. Intermex emphasizes its commitment to providing culturally relevant and flexible financial services, and executives from both companies highlighted the importance of this partnership in supporting the Latin American community.
Potential Positives
- The launch of the international top-up service enhances Intermex's product portfolio, allowing customers to send mobile airtime to over 130 countries, which strengthens customer loyalty and engagement.
- This new service is available at no additional cost, making it an attractive feature for customers and potentially increasing user acquisition and retention.
- The partnership with Ding, a market-leading provider, adds credibility and further strengthens Intermex's position in the remittance and connectivity market.
- The introduction of this culturally relevant service underscores Intermex's commitment to providing solutions that benefit the Latin American community, enhancing its image as a trusted service provider.
Potential Negatives
- Potential overreliance on a single new service (international top-up) could pose risks if it fails to meet customer expectations or experiences technical issues.
- The forward-looking statements indicate uncertainties, which may create apprehension among investors regarding the success of this service expansion.
- Heavy focus on the Latin American community leaves the company vulnerable to market shifts and demographic changes in that demographic, which could affect customer engagement and growth.
FAQ
What is Intermex's new international top-up service?
Intermex's new international top-up service allows customers to send mobile airtime to loved ones in over 130 countries.
How does the international top-up service work?
The service enables users to add credit to mobile phone accounts quickly, facilitating calls, texts, and data usage abroad.
Is there any cost for using the top-up service?
No, the international top-up service is available at no additional cost to Intermex customers across all retail and digital channels.
What impact will the top-up service have on customers?
This service empowers customers to stay connected with family and friends overseas, enhancing communication and support across communities.
Which countries can customers send top-ups to?
Customers can send mobile airtime top-ups to loved ones in more than 130 countries worldwide, connecting with hundreds of telecom providers.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$IMXI Hedge Fund Activity
We have seen 69 institutional investors add shares of $IMXI stock to their portfolio, and 127 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- RIVERBRIDGE PARTNERS LLC removed 964,731 shares (-100.0%) from their portfolio in Q2 2024
- NEW SOUTH CAPITAL MANAGEMENT INC added 922,396 shares (+inf%) to their portfolio in Q3 2024
- SILVERCREST ASSET MANAGEMENT GROUP LLC removed 757,984 shares (-100.0%) from their portfolio in Q3 2024
- VOSS CAPITAL, LP added 488,504 shares (+39.9%) to their portfolio in Q3 2024
- PEMBROKE MANAGEMENT, LTD removed 435,939 shares (-100.0%) from their portfolio in Q3 2024
- SUMMIT CREEK ADVISORS LLC removed 332,847 shares (-85.8%) from their portfolio in Q3 2024
- HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC added 262,520 shares (+inf%) to their portfolio in Q3 2024
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
MIAMI, Dec. 12, 2024 (GLOBE NEWSWIRE) -- International Money Express, Inc. (NASDAQ: IMXI) ("Intermex" or the "Company"), a leading omnichannel money remittance services provider, is excited to announce the launch of its new international top-up service, in partnership with Ding, the market-leading provider of cross-border mobile top-up. Starting this December, Intermex customers can send mobile airtime top-ups to loved ones in more than 130 countries, connecting with hundreds of telecom providers worldwide.
A "top-up" is a quick and convenient way to add credit to a mobile phone account, allowing users to make calls, send texts, and access data without needing a formal subscription or contract. This new feature empowers customers to provide essential connectivity to family and friends abroad, ensuring they stay connected when it matters most.
This important service is now available across all Intermex retail and digital channels at no additional cost to consumers. By adding international top-up capabilities to its portfolio, Intermex continues to fulfill its promise to provide flexible, reliable, and community-focused financial services that enrich the lives of its customers.
Marcelo Theodoro, Chief Product, Marketing & Digital Officer at Intermex, commented about this milestone: "Our new international top-up service is a game-changer for our customers, offering the flexibility and reliability they’ve come to expect from Intermex. By leveraging our deep understanding of the Latin American community and our commitment to exceptional customer care, we’re enabling families to stay connected, no matter where they are. This launch underscores our dedication to delivering meaningful solutions that truly make a difference in people’s lives."
Mark O’Donoghue, Chief Executive of Ding, said “Our partnership puts Ding’s robust top-up delivery platform in front of Intermex’s carefully curated services for the Latin American diaspora community. We provide connections to over 130 countries through one service, and our work with Intermex brings the benefit of this connectivity to a significant audience.”
This latest addition to Intermex's services highlights the company’s mission to provide culturally relevant and user-focused financial and connectivity solutions. By creating new ways for people to stay connected across borders, Intermex reaffirms its role as a trusted partner and champion for the Latin community.
Whether through retail locations, digital platforms, or mobile apps, Intermex continues to make global communication straightforward and reliable—because staying in touch should always feel easy.
About International Money Express, Inc. (Intermex):
Founded in 1994, Intermex applies proprietary technology enabling consumers to send money from the United States, Canada, Spain, Italy, the United Kingdom and Germany to more than 60 countries. The Company provides the digital movement of money through the Company’s website and mobile app, as well as through its network of agent retailers in the United States, Canada, Spain, Italy, the United Kingdom and Germany, and its Company-operated stores. Transactions are fulfilled and paid through
thousands of retail locations and banks around the world. Intermex is headquartered in Miami, Florida, with international offices in Puebla, Mexico, Guatemala City, Guatemala, London, England, and Madrid, Spain. For more information about Intermex, please visit www.intermexonline.com.
About Ding
For eighteen years, Ding has been providing cross-border airtime and data purchase to global diaspora communities, supporting friends and family back home. The company’s mission to help those with less gain access to more, is provided through a market leading network of partners and direct to consumers via the market-leading ding.com web and app services. Headquartered in Dublin, Ding’s services reach 150 countries and 12,000 corridors of value transfer, enabling top-up to be delivered via a network of over 600 mobile network operators.
Forward-Looking Statements:
This press release contains forward-looking statements, including expectations regarding the benefits and impact of the new international top-up service. Such statements are subject to risks and uncertainties, including those outlined in the Company’s filings with the Securities and Exchange Commission. Intermex assumes no obligation to update these statements.
Investor Relations Contact:
Alex Sadowski
Investor Relations Coordinator
[email protected]
Tel: 305-671-8000