Western Union receives NY approval for Intermex acquisition amid California delays

Western Union and Intermex have received regulatory approval from the New York State Department of Financial Services for Western Union’s pending acquisition of Intermex. As part of this approval, Western Union has made specific commitments to the NYDFS regarding remittance services and locations within New York.

However, the $500 million all-cash transaction faces delays in California. The California Department of Financial Protection and Innovation (DFPI) has suspended a previously granted approval extension. The DFPI stated the suspension is due to a need to “further review the transaction as a result of the intervening six months since approval was originally granted, and to further examine the impact of the proposal on operations in this state.”

Both companies intend to engage with the DFPI to seek reinstatement of the approval. The acquisition, which was originally announced in August 2025, aims to expand Western Union’s scale in Latin American markets and integrate Intermex’s 6 million users into Western Union’s digital services.