​International Money Express (IMXI) Has Gained More than 49% Over the Past 6 Months

Core Viewpoint - International Money Express, Inc. (NASDAQ:IMXI) is recognized as one of the best-performing affordable stocks under $40, with a 49% increase over the past 6 months, and has a Hold rating with a price target of $16 from Monness analyst [1]. Group 1: Partnership and Service Expansion - On December 2, the company announced a partnership between Intermex and Banco Industrial to launch a digital remittance service via the Zigi App, allowing Guatemalans to receive money transfers directly into their accounts using a phone number [2]. - The integration of Intermex's Amigo Paisano app with Zigi signifies a shift from cash pickups to instant and secure digital deposits, enhancing the remittance process [2]. Group 2: Digital Transformation and Market Strategy - International Money Express plans to fully digitize the remittance flow from sender to receiver, which is expected to boost adoption and increase transaction volumes [3]. - The company provides omnichannel money remittance services, utilizing proprietary technology to facilitate fund transfers from the US, Canada, and Europe to over 60 countries [3].