• Intermex launches redesigned Remittance-as-a-Service (RaaS) platform.
• Platform allows businesses to embed cross-border money transfers into customer experiences.
• Already used by fintechs and payment providers to unlock new revenue streams.
• Companies can offer branded payment services to eligible markets worldwide.
• Platform offers person-to-person and business-to-person payment services.
Title: Intermex Launches Redesigned Remittance-as-a-Service (RaaS) Platform
International Money Express, Inc. (NASDAQ: IMXI), a leading money remittance provider to Latin America and the Caribbean, has announced the launch of its fully redesigned Remittance-as-a-Service (RaaS) platform. The upgraded service aims to provide businesses with a straightforward way to embed fast, secure cross-border money transfers into their own customer experiences [1].
The new RaaS platform offers customizable branded experiences across WhatsApp, mobile apps, and web platforms. Key features include integrated payment services, merchant account management, anti-fraud tools, and 24/7 bilingual support. The platform is supported by appropriate licensing across U.S. jurisdictions, incorporating necessary know your customers (KYC) and anti-money laundry (AML) compliance measures [1].
Companies can introduce their own branded person-to-person and business-to-person payment services to eligible markets including Mexico, Guatemala, Honduras, the Dominican Republic, and El Salvador, as well as select countries in Southeast Asia, the European Union, and Africa. Intermex’s extensive payout network in Latin America supports various distribution methods such as cash pickups, home deliveries, and direct bank deposits [1].
The platform addresses several critical barriers to entry in the remittance space, including regulatory compliance, licensing requirements, technology development costs, and establishing payout networks. By offering these as turnkey solutions, Intermex creates a compelling value proposition for potential partners ranging from fintechs to established payment providers [2].
For investors, this launch signals Intermex's evolution toward a more technology-driven, scalable business model that can grow without proportional increases in physical infrastructure. This could potentially improve margins and capital efficiency over time. The platform's ability to support various branded experiences across multiple channels demonstrates Intermex's adaptability to changing consumer preferences in digital payments [2].
Interested companies can learn more about partnering with Intermex at [About Intermex](https://www.intermexusa.com).
References:
[1] https://finance.yahoo.com/news/intermex-launches-remittance-raas-platform-120000800.html
[2] https://www.stocktitan.net/news/IMXI/intermex-launches-a-new-remittance-as-a-service-raa-s-platform-to-q7i0b7h01pzw.html
Comments
No comments yet