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.

Following completion,
StoneX plans to offer banking services including resident and non-resident
currency accounts, PIX payments, internet and mobile banking, and additional
settlement 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 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.

This article was written by Tareq Sikder at www.financemagnates.com.

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