Western Union provides update on acquisition of Intermex
Received NYDFS approval but California suspended its previous approval, requiring further review.
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Global money transfer and payment services company
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In short: Western Union faced mixed financial results and regulatory hurdles for its Intermex acquisition while expanding into stablecoin transfers.
Received NYDFS approval but California suspended its previous approval, requiring further review.
Revenue decreased 1% to $1.0 billion, while adjusted EPS fell to $0.31. Consumer Services grew 12% on an adjusted basis.
Money transmission regulators in 51 U.S. states and territories and all international jurisdictions have approved; final approval from one state, including NYDFS, is pending.
Bybit is the first major exchange to offer USDPT, issued by Anchorage Digital Bank on Solana. Users in Latin America can buy and sell it with local currencies.
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