StoneX Group has agreed to acquire Banco Travelex S.A., a Brazilian bank focused on foreign exchange and international payments, as the company expands its regulated financial services in Latin America.

The Banco Travelex deal follows StoneX’s expansion of its cross-border payments infrastructure. In 2025, StoneX Payments partnered with Bank Mendes Gans to extend access to its network across more than 180 countries and 140 currencies. In 2024, it also partnered with NatWest to expand international FX payments, adding access to 10 currencies through StoneX’s payments network.

StoneX Adds Banking Services in Brazil

The transaction is also expected to strengthen local banking capabilities within its existing foreign exchange, international payments and receivables, and non-deliverable forwards businesses.

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Following completion, StoneX plans to offer banking services including resident and non-resident currency accounts, PIX payments, internet and mobile banking, and additional settlement Settlement Settlement in finance refers to the process when a buyer makes payment and receives the agreed-upon services or goods. The term is used on exchanges such as New York Stock Exchange (NYSE) when security changes hands. When the asset is transferred and placed in the new buyer's name, it is considered settled. This process could take a few hours or several days after a trade is made. It depends on the clearance process. In the United States, the settlement date for marketable stocks is usually 2 Settlement in finance refers to the process when a buyer makes payment and receives the agreed-upon services or goods. The term is used on exchanges such as New York Stock Exchange (NYSE) when security changes hands. When the asset is transferred and placed in the new buyer's name, it is considered settled. This process could take a few hours or several days after a trade is made. It depends on the clearance process. In the United States, the settlement date for marketable stocks is usually 2 Read this Term services. Its global payments business currently operates across more than 180 countries and 140 currencies.

The deal will also allow StoneX’s international clients to hold local and foreign currency accounts in Brazil and expand its wholesale banknote trading activities.

StoneX Excludes Travelex Retail Operations

Banco Travelex has operated in Brazil since 2010, providing foreign exchange and international payment services to individuals and businesses. The Central Bank of Brazil authorised the company to operate as a multiple-service bank in December 2024.

The acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Read this Term is limited to Banco Travelex S.A. Its retail foreign exchange business, physical branches and service locations associated with Confidence are excluded and will continue operating independently.

The transaction is expected to close within 12 months, subject to approval from the Central Bank of Brazil and other customary closing conditions.

StoneX operates FOREX.com within its Retail segment. It acquired GAIN Capital, the broker’s former parent, in 2020. The acquisition brought FOREX.com and City Index into StoneX’s retail business. FOREX.com offers forex and, in some markets, CFD trading to self-directed clients.