Kuala lumpur: StoneX Group Inc. ('StoneX'; NASDAQ: SNEX) today announced that its Payments Division ('StoneX Payments') has entered a strategic partnership with Shinhan Bank, one of South Korea's oldest and most systemically significant financial institutions. Under the agreement, Shinhan Bank will integrate with StoneX Payments' streamlined solution to offer its clients comprehensive cross-border payment and foreign exchange services combining institutional-grade execution, deep emerging-market expertise, and transparent, competitive pricing across more than 140 currencies and 180 countries.

According to BERNAMA News Agency, with approximately 29 million customers and a global franchise spanning retail, corporate, and institutional banking, Shinhan Bank is a cornerstone of South Korea's financial system. The partnership grants Shinhan access to StoneX Payments' proprietary platform and network of more than 385 banks worldwide, purpose-built for high-volume, high-complexity cross-border flows. Unlike conventional consumer remittance solutions, StoneX Payments delivers the full breadth of an institutional payment infrastructure spanning FX, local currency settlement, last-mile delivery in frontier markets, and real-time transaction transparency embedded seamlessly within Shinhan's existing banking environment.