StoneX Group Inc. has entered into a definitive agreement to acquire Banco Travelex S.A., Brazil’s first bank dedicated exclusively to foreign exchange operations regulated by the Central Bank of Brazil. The transaction, announced August 12, 2026, accelerates StoneX‘s expansion in one of Latin America’s largest FX markets and strengthens its cross-border payments infrastructure across the region.
- Transaction scope: Banco Travelex S.A. banking operations exclusively; retail FX operations and physical stores excluded
- Expected closing: Within 12 months, subject to Central Bank of Brazil approval
- StoneX global reach: Operations in 180+ countries and 140 currencies
- Banco Travelex founding: Established 2010; authorized as a multiple-service bank December 2024
- Banco Travelex rating: BBB (bra) Investment Grade by Fitch; NPS score of 90
Upon completion, StoneX‘s FX and cross-border payment business will integrate banking products including non-resident accounts, proprietary PIX instant payment capabilities, internet and mobile banking, and wholesale banknote trading services. The acquisition complements StoneX‘s existing spot FX, international payments, receivables, and NDF offerings, while allowing its global client base to maintain local and foreign currency bank accounts in Brazil.
Together with our recent strategic investment in Bamboo Payments, this transaction advances StoneX’s strategy to expand its licensed, in-country payments infrastructure across Latin America. Brazil has long been central to that strategy, serving as a blueprint for the continued expansion of our regulatory footprint across emerging markets.
The acquisition represents StoneX‘s continued investment in emerging market payments capabilities. Banco Travelex has built a recognized platform serving both individuals and businesses since 2010, with the multiple-service bank authorization granted in December 2024 enabling expanded financial services delivery. Integration will proceed gradually with no service interruption, and Banco Travelex‘s retail foreign exchange operations and physical stores will continue operating independently under the Travelex Confidence brand.
StoneX Group Inc. is a Fortune 100 financial services company listed on the Nasdaq Global Select Market (NASDAQ: SNEX), serving more than 54,000 commercial, institutional, and payments clients across its global operations.
