Through this partnership, the bank will be able to reach consumers in regions it has not previously served by supporting cross-border payments and expanding its local payment reach to include an extra ten currencies. StoneX's vast network of more than 350 correspondent banks and its API-driven financial institution platform will be utilized.

"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," stated Thiago Vieira, Global Head of StoneX Payments, in reference to the partnership."We have developed deep expertise in the cross-border payment space over the last 30 years," Vieira added, "and have found tremendous success in partnering with globally recognized institutions that have digital and transformative ambitions." We are dedicated to optimizing the value our product will provide to NatWest and their clients, and we consider it an honor to be working together with their team. They share our passion to modernize cross-border money movement.

"We are delighted that we are able to introduce 10 new currencies in which our customers can send international payments," said Abram Tilling, Goal Lead at Manage my Money at NatWest. By using StoneX Payments' channels, our customers can be sure they will receive their money at their destination, avoid paying fees to middle banks, and have transparency in in pricing.NatWest is committed to helping our customers achieve their global goals by providing them with a wider selection of payment currencies, lower processing costs, and better terms.

The relationship will be facilitated by StoneX Payments' proprietary network and infrastructure, which will guarantee NatWest customers have access to cheap foreign currency rates and a smooth payment experience. One of the benefits that StoneX Payments offers to NatWest is early payment transaction clarity on the exact amount of funds that will be transferred to the intended recipient.

The collaboration between StoneX Payments and NatWest demonstrates the company's dedication to offering transparent, reasonably priced, and highly scalable payment solutions to banks, corporations, and international development organizations across the globe. It is anticipated that the partnership will save expenses, streamline cross-border operations, and facilitate more foreign payments for NatWest commercial clients through Bankline.