International Money Express Launches Redesigned Remittance-as-a-Service Platform

International Money Express Inc. (NASDAQ:IMXI) is one of the most undervalued small-cap stocks to buy according to analysts. On July 8, International Money Express (also called Intermex) announced the launch of its fully redesigned Remittance-as-a-Service (RaaS) platform.

The upgraded service enables businesses to integrate fast and secure cross-border money transfer capabilities directly into their own customer experiences. A growing number of companies are already using Intermex’s RaaS platform to generate new cross-border revenue streams.

International Money Express Launches Redesigned Remittance-as-a-Service Platform

A woman using a smartphone to access a service provided by the company.

Through this platform, businesses can offer their own branded person-to-person and business-to-person payment services to eligible markets. The RaaS platform offers a customizable system that allows businesses to create branded customer experiences across various channels, such as mobile apps and the web.

International Money Express Inc. (NASDAQ:IMXI) is an omnichannel money remittance services company in the US, Latin America, Mexico, Central and South America, the Caribbean, Africa, and Asia.

While we acknowledge the potential of IMXI to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than IMXI and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.