StoneX Payments and Bamboo Partner to Expand Cross-Border Payment Coverage in Latin America
StoneX Group Inc. (NASDAQ: SNEX) and Bamboo Payment Systems have formed a strategic partnership to enhance cross-border payment services in Latin America, including an undisclosed investment by StoneX. The collaboration combines StoneX Payments' extensive forex capabilities and 385-bank correspondent network with Bamboo's regional payment infrastructure.
StoneX Payments operates in over 180 countries with settlement capabilities in 140+ currencies. Bamboo's platform connects to 600+ local banks, supporting 200+ payment methods across 11 Latin American countries, serving 500+ clients and partners.
The partnership aims to deliver improved FX pricing, more reliable settlement, better acceptance rates, and enhanced cash flow efficiency for global merchants and financial institutions operating in Latin America. The transaction remains subject to regulatory approval.
StoneX Group Inc. (NASDAQ: SNEX) e Bamboo Payment Systems hanno stretto una partnership strategica per migliorare i servizi di pagamento transfrontalieri in America Latina, inclusa un'investimento non divulgato da parte di StoneX. La collaborazione unisce le ampie capacità di forex di StoneX Payments e la rete di corrispondenti bancari di 385 banche con l'infrastruttura di pagamento regionale di Bamboo.
StoneX Payments opera in oltre 180 paesi con capacità di regolamento in più di 140 valute. La piattaforma di Bamboo si connette a oltre 600 banche locali, supportando oltre 200 metodi di pagamento in 11 paesi dell'America Latina, servendo più di 500 clienti e partner.
La partnership mira a offrire prezzi FX migliorati, regolamenti più affidabili, tassi di accettazione migliori e una maggiore efficienza nel flusso di cassa per i commercianti e le istituzioni finanziarie globali che operano in America Latina. La transazione è soggetta all'approvazione normativa.
StoneX Group Inc. (NASDAQ: SNEX) y Bamboo Payment Systems han formado una asociación estratégica para mejorar los servicios de pago transfronterizos en América Latina, incluida una inversión no revelada por parte de StoneX. La colaboración combina las amplias capacidades de forex de StoneX Payments y una red de corresponsales bancarios de 385 bancos con la infraestructura de pago regional de Bamboo.
StoneX Payments opera en más de 180 países con capacidades de liquidación en más de 140 monedas. La plataforma de Bamboo se conecta a más de 600 bancos locales, apoyando más de 200 métodos de pago en 11 países de América Latina, sirviendo a más de 500 clientes y socios.
La asociación tiene como objetivo ofrecer precios de FX mejorados, liquidaciones más confiables, mejores tasas de aceptación y una mayor eficiencia en el flujo de efectivo para comerciantes e instituciones financieras globales que operan en América Latina. La transacción está sujeta a la aprobación regulatoria.
StoneX Group Inc. (NASDAQ: SNEX)와 Bamboo Payment Systems는 라틴 아메리카에서의 국경 간 결제 서비스를 향상시키기 위해 전략적 파트너십을 체결했습니다. 이 협력에는 StoneX의 비공식 투자도 포함됩니다. 이 협업은 StoneX Payments의 광범위한 외환 능력과 385개 은행의 외환 네트워크를 Bamboo의 지역 결제 인프라와 결합합니다.
StoneX Payments는 180개 이상의 국가에서 140개 이상의 통화로 정산할 수 있는 능력을 가지고 운영되고 있습니다. Bamboo의 플랫폼은 600개 이상의 현지 은행에 연결되어 있으며, 11개 라틴 아메리카 국가에서 200개 이상의 결제 방법을 지원하며, 500개 이상의 고객과 파트너를 제공합니다.
이 파트너십은 라틴 아메리카에서 활동하는 글로벌 상인과 금융 기관을 위해 개선된 외환 가격, 보다 신뢰할 수 있는 정산, 더 나은 수용률 및 향상된 현금 흐름 효율성을 제공하는 것을 목표로 합니다. 이 거래는 규제 승인을 받아야 합니다.
StoneX Group Inc. (NASDAQ: SNEX) et Bamboo Payment Systems ont formé un partenariat stratégique pour améliorer les services de paiement transfrontaliers en Amérique Latine, y compris un investissement non divulgué de StoneX. La collaboration combine les vastes capacités de forex de StoneX Payments et un réseau de 385 banques correspondantes avec l'infrastructure de paiement régionale de Bamboo.
StoneX Payments opère dans plus de 180 pays avec des capacités de règlement dans plus de 140 devises. La plateforme de Bamboo se connecte à plus de 600 banques locales, soutenant plus de 200 méthodes de paiement dans 11 pays d'Amérique Latine, servant plus de 500 clients et partenaires.
Le partenariat vise à offrir des prix FX améliorés, des règlements plus fiables, de meilleurs taux d'acceptation et une efficacité accrue des flux de trésorerie pour les commerçants mondiaux et les institutions financières opérant en Amérique Latine. La transaction est soumise à l'approbation réglementaire.
StoneX Group Inc. (NASDAQ: SNEX) und Bamboo Payment Systems haben eine strategische Partnerschaft gebildet, um grenzüberschreitende Zahlungsdienste in Lateinamerika zu verbessern, einschließlich einer nicht offengelegten Investition von StoneX. Die Zusammenarbeit kombiniert die umfangreichen Forex-Fähigkeiten von StoneX Payments und ein Netzwerk von 385 Korrespondenzbanken mit der regionalen Zahlungsinfrastruktur von Bamboo.
StoneX Payments ist in über 180 Ländern tätig und verfügt über Abwicklungsmöglichkeiten in mehr als 140 Währungen. Die Plattform von Bamboo verbindet sich mit über 600 lokalen Banken und unterstützt mehr als 200 Zahlungsmethoden in 11 lateinamerikanischen Ländern, die über 500 Kunden und Partner bedienen.
Die Partnerschaft zielt darauf ab, verbesserte FX-Preise, zuverlässigere Abwicklung, bessere Akzeptanzraten und eine verbesserte Effizienz des Cashflows für globale Händler und Finanzinstitute, die in Lateinamerika tätig sind, zu bieten. Die Transaktion steht unter dem Vorbehalt der regulatorischen Genehmigung.
- Strategic expansion into Latin American payment market through Bamboo partnership
- Access to 600+ local banks and 200+ payment methods in 11 Latin American countries
- Enhancement of cross-border payment capabilities and market reach
- Potential for improved revenue through better FX pricing and settlement efficiency
- Transaction pending regulatory approval - potential execution risk
- Investment amount undisclosed - financial impact unclear
Insights
StoneX's strategic partnership with Bamboo Payment Systems represents a significant expansion of their cross-border payment capabilities in Latin America. The deal includes an undisclosed investment by StoneX, combining their foreign exchange expertise with Bamboo's regional payment infrastructure.
This partnership addresses specific market inefficiencies in Latin American payment processing by integrating StoneX's network (180+ countries, 385+ bank correspondents, 140+ currencies) with Bamboo's extensive regional connections (600+ local banks, 200+ payment methods, 11 countries). For StoneX, this represents a logical extension of their payment services division that capitalizes on Latin America's fragmented payment ecosystem without requiring full-scale acquisition costs.
The strategic fit is compelling from an operational perspective. StoneX gains immediate access to Bamboo's established regional infrastructure and client base of 500+ businesses, while Bamboo benefits from StoneX's global banking relationships and FX capabilities. This should create tangible client benefits through improved FX pricing, more reliable settlement, higher acceptance rates, and enhanced cash flow efficiency.
While financial terms weren't disclosed, this partnership aligns with StoneX's stated two-year strategic investment initiative to scale their global payment capabilities. The regulatory approval requirement represents the primary execution risk, though nothing suggests this would be problematic given the complementary nature of the businesses.
NEW YORK, March 17, 2025 (GLOBE NEWSWIRE) -- StoneX Group Inc. (“StoneX”; NASDAQ: SNEX) and Bamboo Payment Systems (“Bamboo”) announce that StoneX Payments, a division of StoneX, and Bamboo have entered into a strategic partnership to expand cross-border payment offerings and coverage for global merchants. The partnership includes an undisclosed investment by StoneX. Together, the two companies will offer a leading solution for global merchants and financial institutions that need to collect and make payments in Latin America.
With StoneX Payments’ broad foreign exchange capabilities and correspondent network and Bamboo’s extensive payment connections and platform, clients should see benefits in terms of FX pricing, more reliable settlement, improved acceptance rates, and greater cash flow efficiency.
StoneX Payments is a market leader in cross-border payments, providing payment services to financial institutions, corporations, and international development organizations in over 180 countries. Through its correspondent network of over 385 banks, StoneX offers settlement capabilities in over 140 currencies.
Bamboo brings deep expertise in the Latin American payment ecosystem, enabling global merchants to accept and make payments in the region. With a proprietary payment platform connected to more than 600 local banks and financial institutions, Bamboo offers an end-to-end solution for payins and payouts, bridging the gap between global merchants and local consumers and businesses. The company enables payments in 11 countries in the region, supporting over 200 payment methods, and serves a growing network of more than 500 clients and partners.
Thiago Vieira, Global Head of StoneX Payments, commented:
"Over the past two years, we have made pivotal strategic investments to scale our global, market-leading payment capabilities. We are thrilled to announce this new partnership with the exceptional team at Bamboo, which brings together best-in-class solutions to set a new standard in global payment services."
Clayton McDonald, Head of Americas, StoneX Payments, said:
“We are excited about our partnership with Bamboo. The combination of our 30 years of foreign exchange payments expertise with their platform and network of over 200 payment methods in Latin America creates a unique solution for global merchants operating in the region. As demand for reliable payment solutions with a competitive and transparent FX component continues to grow, we believe our product offering will represent a substantial value-add in the market.”
Marcelo Perez, CEO of Bamboo, said:
"This partnership is a key step in expanding the reach of our payment solutions to support global merchants looking to grow in Latin America. By working with top financial institutions and leveraging our extensive payment network, we enable businesses to operate with confidence in the region. Collaborating with StoneX enhances our ability to provide efficient, secure, and flexible payment, money movement, and FX solutions that meet the evolving needs of merchants worldwide."
The transaction is subject to regulatory approval.
About StoneX Group Inc.
StoneX Group Inc., through its subsidiaries, operates a global financial services network that connects companies, organizations, traders, and investors to the global market ecosystem through a unique blend of digital platforms, end-to-end clearing and execution services, high-touch service, and deep expertise. The company strives to be the trusted partner for its clients, providing its network, products, and services to help them pursue business opportunities, manage market risks, make informed investment decisions, and improve their business performance.
A Fortune 100 company headquartered in New York and listed on the Nasdaq Global Select Market (NASDAQ: SNEX), StoneX and its more than 4,000 employees serve more than 54,000 commercial, institutional, and payments clients and facilitate transactions for more than 400,000 retail customers worldwide. Further information is available at www.stonex.com.
About Bamboo
Bamboo is a cross-border payments company that allows global merchants to accept and make payments in Latin America. Recently recognized by FXC Intelligence as one of The Global Most Promising Cross-Border Payments Companies of 2024, our proprietary platform enables pay-ins and payouts, covering more than 200 payment methods and connecting to a network of more than 600 banks and financial institutions. Bamboo combines local expertise with a single, end-to-end platform solution for consumer, business, and real-time payments. Further information on the company is available at www.bamboopayment.com.
For press inquiries contact Jonathan Kay at Jonathan.Kay@stonex.com
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