Western Union has announced its acquisition of Intermex, a company specializing in payment transfers to Latin America and the Caribbean, for approximately $500 million. The deal, which values Intermex shares at $16 each, is expected to enhance Western Union's earnings and facilitate expansion in high-growth markets.

Stripe has acquired FinTech startup Orum.io, which specializes in frictionless money movement using machine learning to enhance payment routing across various systems. This acquisition is part of Stripe's broader strategy to innovate and improve payment speed and efficiency, following a series of other acquisitions in recent months. The financial details of the deal remain undisclosed.

Stripe is creating a stablecoin-based product targeting customers outside the US, EU, and UK, utilizing technology from its recent $1.1 billion acquisition of Bridge. The product is in the testing phase, with Stripe seeking customer feedback on its features and functionality.

Ripple is set to acquire stablecoin payments firm Rail for $200 million to enhance its RLUSD stablecoin offerings. The Toronto-based company provides virtual accounts and automated systems, allowing seamless digital asset transactions, and the deal is expected to close in the fourth quarter of this year. With this acquisition, Ripple aims to strengthen its position in the expanding stablecoin ecosystem.

Payroc has announced its acquisition of BlueSnap, a payment orchestration and accounts receivable automation platform, which is pending regulatory approval. This deal aims to enhance Payroc's global payment capabilities, particularly in Europe and the UK, leveraging BlueSnap's technology and established market presence.

AvidXchange has agreed to be acquired by TPG and Corpay for $2.2 billion, offering a 22% premium over its current stock price. The management team's decision to maintain an equity stake reflects confidence in future growth, while the deal is expected to provide more flexibility for aggressive long-term investments as a private company, despite the loss of public trading status for current shareholders.