NatWest and StoneX Payments Collaborate to Enhance Cross-Border Payment Services

In a bid to expand its cross-border payment capabilities for corporate clients, NatWest has forged a new partnership with StoneX Payments, as outlined in Fintech Global News. This collaboration will see StoneX Payments delivering third-party delivery and international FX payment services to the UK-based bank, enabling its customers to transfer money globally with ease.

Through this partnership, NatWest’s corporate clients will gain access to StoneX Payments’ API-driven financial institution platform, which will expand their local payment reach in an additional set of 10 currencies. This move is expected to streamline cross-border payments, reduce costs, and provide NatWest customers with competitive foreign exchange rates and a transparent payment experience.

Thiago Vieira, Global Head of StoneX Payments, expressed his enthusiasm for the partnership, highlighting StoneX Payments’ success in servicing over 80 bank customers across various regions. He emphasized the company’s commitment to modernizing cross-border money movement and maximizing the value of its offering for NatWest and its clients.

NatWest, a leading UK-based bank, is known for 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, a division of StoneX Group Inc., specializes in providing comprehensive payment solutions to businesses, financial institutions, and international development organizations worldwide. The company’s focus on transparency, efficiency, and scalability has made it a key player in facilitating seamless cross-border transactions.

Abram Tilling, Goal Lead, Manage my Money at NatWest, highlighted the benefits of the partnership, stating that customers can now send international payments in 10 new currencies. Using StoneX Payments’ channels provides customers with certainty of value received at the destination, avoiding charges from intermediary banks while ensuring transparency in pricing. NatWest continues to support the global ambitions of its customers with payment currency choices that enable them to choose from a broader supplier network with reduced processing costs and access to improved terms.