Stonex Group Inc. (Nasdaq: SNEX) announced today that Stonex Payments Department has entered into a strategic partnership with Bank Mendes Gans (BMG), a cash and cash management provider.
The collaboration has been set to enhance BMG’s capabilities in cross -border payments in sparse negotiable coins, utilizing Stonex Payments’s technology stack and the state -of -the -art know -how.
BMG, known for its experience in optimizing global cash flows, will significantly enhance payment infrastructure through this alliance. Stonex payments will facilitate currency processing and international payment processing in more than 140 coins and 180 countries through the API platform, boosting BMG with access to the network of 375 bank correspondents and alternative payment methods. This integration is aligned with the BMG mission to provide rational and transparent payment solutions on its global customer base.
Thiago Vieira, a world leader of Stonex payments, commented:
“This collaboration with BMG is another important step in our journey to build products and services that facilitate the money movement and distribute payments for international organizations worldwide. Through our proven infrastructure and which we will support our partner and support our partner and support our partner and support our partner The partner will support the partner and support our partner and support in the industry and support and support.
The adoption of the API-FIRST API-FIRST platform will allow BMG to provide a seamless international payment experience, offering customers faster settlement times, validation of payment data, competitive FX rates and mitigation of traditional ineffectiveness caused by intermediate banks. In addition, the corporate relationship introduces new coins and expands the geographical range of BMG, providing customers access to insufficient and emerging markets.
Niels Van Tol, head of business development in BMG, added:
“Our collaboration with Stonex payments is an important development in the services we offer to our customers. Stonex’s global network and innovative infrastructure will allow us to expand liquidity management capabilities with new coins and provide improved flexibility and transparency in international transactions.