StoneX Payments and Bamboo Partner to Expand Cross-Border Payment Coverage in Latin America

Core Insights - StoneX Group Inc. and Bamboo Payment Systems have formed a strategic partnership to enhance cross-border payment solutions for global merchants, particularly in Latin America [1][6] - The partnership aims to leverage StoneX Payments' foreign exchange capabilities and Bamboo's extensive payment network to improve FX pricing, settlement reliability, acceptance rates, and cash flow efficiency for clients [2][5] Company Overview - StoneX Payments is a leader in cross-border payments, serving financial institutions, corporations, and international organizations in over 180 countries, with a correspondent network of over 385 banks and settlement capabilities in more than 140 currencies [3] - Bamboo specializes in the Latin American payment ecosystem, providing a proprietary platform connected to over 600 local banks and financial institutions, enabling payments in 11 countries and supporting over 200 payment methods [4][9] Strategic Importance - The partnership is expected to create a unique solution for global merchants operating in Latin America by combining StoneX's 30 years of foreign exchange expertise with Bamboo's extensive payment methods [5] - The collaboration aims to enhance the efficiency, security, and flexibility of payment solutions, addressing the evolving needs of merchants in the region [6]