PartnershipJul 30, 2026, 06:04 PM
StoneX Payments Partners Shinhan Bank for Cross-Border FX
AI Summary
StoneX Group Inc. announced that its payments division, StoneX Payments, has formed a strategic partnership with Shinhan Bank, a major South Korean financial institution. Under the agreement, Shinhan Bank will integrate StoneX Payments' solutions to provide its 29 million customers with comprehensive cross-border payment and foreign exchange services, covering over 140 currencies and 180 countries. This collaboration strengthens StoneX's presence in the Asia-Pacific region and offers Shinhan Bank's clients reduced transaction costs and faster settlement times.
Key Highlights
- StoneX Payments partnered with Shinhan Bank for cross-border payments.
- Shinhan Bank will integrate StoneX Payments' solutions for its clients.
- Services include comprehensive cross-border payments and foreign exchange.
- Covers over 140 currencies and 180 countries with competitive pricing.
- Shinhan Bank serves approximately 29 million customers globally.
- StoneX Payments' platform connects to over 385 banks worldwide.
- Partnership supports StoneX's continued expansion in Asia-Pacific.
- Collaboration is effective immediately, with phased integration over months.
Price Impact
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