StoneX Payments Partners with Shinhan Bank

StoneX Group Inc. (NASDAQ:SNEX) has announced that its Payments Division has entered a strategic partnership with Shinhan Bank, one of South Korea's oldest and most systemically significant financial institutions. Under the agreement, Shinhan Bank will integrate with StoneX Payments' streamlined solution to offer clients comprehensive cross-border payment and FX services, combining institutional-grade execution, emerging-market expertise, and transparent pricing across more than 140 currencies and 180 countries. 

With approximately 29 million customers and a global franchise spanning retail, corporate, and institutional banking, Shinhan Bank is a cornerstone of South Korea's financial system. The partnership grants Shinhan access to StoneX Payments' proprietary platform and network of over 385 banks worldwide, purpose-built for high-volume, high-complexity cross-border flows. Unlike conventional consumer remittance solutions, StoneX delivers institutional payment infrastructure covering FX, local currency settlement, last-mile delivery in frontier markets, and real-time transaction transparency embedded within Shinhan's existing banking environment. The collaboration builds on StoneX's growing footprint in South Korea and the broader Asia-Pacific region, where demand for efficient access to Latin American, Middle Eastern, and African payment corridors is accelerating.

Shinhan's clients—including global importers and exporters, multinational corporations, and non-profit organizations—will benefit from reduced transaction costs, faster settlement times, and access to thinly traded currency corridors that historically required multiple intermediaries. "StoneX Payments offers something genuinely different: the depth of a comprehensive and time-tested global infrastructure combined with the technology and agility our clients demand," a senior Shinhan Bank spokesperson stated. "This partnership positions Shinhan Bank at the forefront of next-generation cross-border financial services, enabling us to serve our customers wherever they operate in the world—including markets where access has previously been unreliable or cost-prohibitive." Thiago Vieira, Global Head of StoneX Payments, said: "It is an honour to celebrate our 20th year of StoneX in Asia with this pivotal partnership. 

Shinhan Bank is a landmark institution, and this new venture reflects our steadfast commitment to Asia as a strategic growth market. Our platform was built for exactly this: providing major financial institutions with an institutional-grade payments infrastructure they can trust with their most complex international payment flows. As we execute our Asia expansion strategy, powering Shinhan's global ambitions is precisely the kind of partnership that demonstrates what StoneX Payments offers to the world's leading banks." The partnership is effective immediately, with full integration expected in phases, giving Shinhan Bank customers access to an expanding suite of StoneX Payments capabilities and currencies over the coming months.