Benzinga | Apr 8, 2021 04:32PM EDT

International Money Express Reports Mar. Remittances Up 23.3% YoY

International Money Express, Inc. (NASDAQ:IMXI), ("Intermex" or the "Company") a leading money remittance services company, today announced that it set an all-time high for remittances in March 2021, delivering 3,147,116 transfers, up 23.3% over March 2020. This resulted in a 30.4% increase in total funds transferred, exceeding $1.3B for the month, a record for the Company. Also contributing to the record growth in March was Intermex's digital platform which increased 105.2% over March 2020. Intermex's core markets, Mexico and Guatemala, grew at a very strong 17.8% and the Company recorded a share of 21.3% to these markets as of January 2021, compared to 18.9% in the prior-year period. In addition, the emerging growth markets for the Company which includes Dominican Republic, Ecuador, Colombia, Nicaragua, and Brazil among others also experienced strong growth increasing 43.9% versus the prior-year period.