NatWest is set to boost its cross-border payment capabilities for its corporate clients through a new partnership with StoneX Payments.
The collaboration will see StoneX Payments provide third-party delivery and international FX payment services to the UK-based bank, enabling its customers to transfer money globally with ease.
NatWest’s corporate clients will then be able to access StoneX Payments’ API-driven financial institution platform, expanding their local payment reach in an additional set of 10 currencies.
This partnership will streamline cross-border payments, reduce costs, and provide NatWest customers with competitive foreign exchange rates and a transparent payment experience.
The move underscores StoneX Payments’ dedication to providing competitively priced, transparent, and scalable payment solutions, aligning with NatWest’s goal of supporting the global ambitions of its customers.
Thiago Vieira, Global Head of StoneX Payments, commented on the partnership, stating, “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.
“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,” he continued.
NatWest is a leading UK-based bank offering a wide range of financial services to individuals and businesses. With a strong presence in the UK and international markets, the firm is committed to providing innovative solutions to meet the evolving needs of its customers.
StoneX Payments is a division of StoneX Group Inc., specialising in providing comprehensive payment solutions to businesses, financial institutions, and international development organisations worldwide. With a focus on transparency, efficiency, and scalability, StoneX Payments leverages its extensive network and expertise to facilitate seamless cross-border transactions.
Abram Tilling, Goal Lead, Manage my Money, NatWest, added, “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.”
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