NatWest Enhances Cross Border Payments Capability with StoneX
(17 April 2024 – United Kingdom) StoneX has partnered NatWest in a strategic collaboration to revamp NatWest's international payment capabilities, providing customers with seamless FX services.
The partnership will support cross border payments and expand local payment reach in an additional set of
ten currencies, providing access to customers in markets the bank had not previously serviced. StoneX’s API-driven financial institution platform and extensive network of over 350 correspondent banks will be leveraged.
“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” said NatWest Global Lead, Manage my Money, Abram Tilling.
“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” stated StoneX Global Head of Payments, Thiago Vieira.
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