PartnershipJul 30, 2026, 06:04 PM
StoneX Payments Partners with Shinhan Bank for Cross-Border Services
AI Summary
StoneX Group Inc. announced that its payments division, StoneX Payments, has formed a strategic partnership with Shinhan Bank, a prominent South Korean financial institution. Under the agreement, Shinhan Bank will integrate StoneX Payments' optimized solution to provide comprehensive cross-border payment and foreign exchange services to its approximately 29 million customers. This collaboration will offer institutional-grade execution, expertise in emerging markets, and transparent pricing across over 140 currencies and 180 countries, enhancing StoneX's presence in South Korea and the Asia-Pacific region.
Key Highlights
- StoneX Payments partnered with Shinhan Bank, a major South Korean financial institution.
- Shinhan Bank will integrate StoneX Payments' solution for cross-border payment and FX services.
- Services will cover over 140 currencies and 180 countries with competitive pricing.
- Shinhan Bank serves approximately 29 million customers globally.
- StoneX Payments' platform connects to a network of over 385 banks worldwide.
- Partnership aims to reduce transaction costs and shorten settlement times for Shinhan Bank clients.
- This collaboration supports StoneX's continued expansion in South Korea and the APAC region.
- Full integration will be phased, with benefits for Shinhan Bank clients rolling out in coming months.
Price Impact
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