The Payments division of StoneX will supply NatWest with third-party delivery and international FX payment services, allowing the bank’s corporate clients to transfer money to more nations with ease.
This partnership will support cross-border payments and expand local payment reach in an additional 10 currencies, providing access to customers in markets the bank had not previously serviced.
Go deeper with GlobalData
StoneX’s API-driven financial institution platform and network of over 350 correspondent banks will be leveraged
Thiago Vieira, Global Head of StoneX Payments, said: “Through its unique solution for financial institutions, StoneX Payments proudly services more than 80 bank customers across the US, EU, UK and APAC regions, including many of the world’s largest and systemically important banks, offering 140+ currencies across 180 countries.” Vieira continued, adding: “Over the last 30 years, we have developed deep expertise in the cross-border payment space and have found tremendous success in partnering with globally recognised institutions that have digital and transformative ambitions. It’s a privilege to be partnering with the team at NatWest, who share our drive to modernise cross-border money movement and we are committed to maximising the value our offering will bring to them and their clients.”
Abram Tilling, Goal Lead, Manage my Money, NatWest, commented: “We are delighted that we’re able to introduce 10 new currencies in which our customers can send international payments. Using the StoneX Payments’ channels provides our customers with the certainty of value received at destination, avoiding charges from intermediary banks while providing transparency in pricing. NatWest continues to support the global ambitions of our customers with payment currency choices that enable them to choose from a broader supplier network with reduced processing cost and access to improved terms.”
StoneX Payments’ proprietary network and infrastructure will play a central role in the collaboration, ensuring NatWest customers have access to competitive foreign exchange rates and a seamless payment experience. StoneX Payments’ offering to NatWest includes clarity at the inception of the payment transaction regarding the precise amount of funds to be delivered to their desired destination.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
