Shinhan Bank partners with StoneX Payments to deliver cross‑border FX and payment services in 140 currencies, boosting its emerging‑market reach
Executive summary: Shinhan Bank selected StoneX Payments as its strategic cross‑border payments partner, enabling FX execution and payment services across 140 currencies. The partnership enhances Shinhan Bank’s capacity to serve emerging‑market corporate clients and broadens its global payments infrastructure.
Who is involved: Shinhan Bank (South Korea’s second‑largest bank) and StoneX Payments (subsidiary of StoneX Group Inc.).
Likely next: Integration of StoneX’s platform into Shinhan’s services, with a potential client rollout later in 2026 and possible expansion of the currency coverage.
Shinhan Bank announced the selection of StoneX Payments as a strategic partner for institutional‑grade foreign exchange execution and payments covering 140 currencies. The move aims to strengthen the bank’s ability to serve corporate clients in emerging markets and expands StoneX Payments’ foothold in South Korea’s banking sector. Earlier multilingual releases on July 30 disclosed the same arrangement, confirming the partnership’s details.
Timeline
- — Shinhan Bank 选定 StoneX Payments 作为战略性跨境支付合作伙伴 (GlobeNewswire)
- — Shinhan Bank 選定 StoneX Payments 為策略性跨境支付合作夥伴 (GlobeNewswire)
- — Shinhan Bank Selects StoneX Payments as Strategic Cross-Border Payments Partner (GlobeNewswire)
- — 新韓銀行、StoneX Paymentsを戦略的クロスボーダー決済パートナーに選定 (GlobeNewswire)
Analysis — what this means
Likely next events
- StoneX Group Inc. to announce 2026 Q3 earnings on August 5, 2026 (per July 30 press release).
Sectors affected
- banking
- cross-border payments
- foreign exchange
Regulatory implications
- Must comply with South Korea's Foreign Exchange Transaction Act and AML rules overseen by the Financial Services Commission.
Key entities
Sources
- Shinhan Bank 选定 StoneX Payments 作为战略性跨境支付合作伙伴 — GlobeNewswire
- Shinhan Bank 選定 StoneX Payments 為策略性跨境支付合作夥伴 — GlobeNewswire
- Shinhan Bank Selects StoneX Payments as Strategic Cross-Border Payments Partner — GlobeNewswire
- 新韓銀行、StoneX Paymentsを戦略的クロスボーダー決済パートナーに選定 — GlobeNewswire