StoneX Partners Bank Mendes Gans to Enhance Cross-Border Payments in 140 Currencies, 180 Countries

StoneX Group Inc.'s Payments Division has formed a strategic partnership with Bank Mendes Gans (BMG) to enhance BMG's cross-border payment capabilities, particularly in thinly traded currencies. Utilizing StoneX's advanced technology stack, including its proprietary XPay payment engine and API-driven platform, the collaboration will enable BMG to process foreign exchange and international payments in over 140 currencies across 180 countries. This alliance provides BMG access to StoneX's extensive network of more than 375 correspondent banks and alternative payment endpoints, allowing for faster settlement times, improved payment data validation, competitive foreign exchange rates, and reduced inefficiencies from legacy banking infrastructure. The partnership expands BMG's geographic reach into underserved and emerging markets, aligning with its mission to deliver streamlined and transparent global payment solutions. StoneX aims to leverage this collaboration to strengthen its position in the global payments market and support international organizations with efficient money movement and payment distribution services.