StoneX Acquires Banco Travelex to Expand Brazil Payments and FX

StoneX Group announced on Aug 12, 2026, that it has entered 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 combined operation is expected to handle approximately $6 billion in annual volume across roughly 20,000 clients. Upon closing, StoneX plans to add banking products in Brazil including non-resident accounts, proprietary PIX access, internet and mobile banking, and new financial settlement capabilities.

The acquisition complements StoneX's existing spot FX, international payments and receivables, and NDF business, which operates in more than 180 countries and 140 currencies. StoneX's global client base will also gain the ability to hold local and foreign currency bank accounts in Brazil. The deal follows StoneX's recent investment in Bamboo Payments as part of a broader push to expand licensed, in-country payments infrastructure.