StoneX Group Acquires UK Wholesale Banknotes Trader WCS International To Expand Cross-Border Payments, Financial Services Capabilities; No Financial Terms Disclosed
Benzinga · 2d ago
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StoneX Group Inc. (("StoneX", NASDAQ:SNEX) announced today that its wholly owned subsidiary, StoneX Financial Ltd, has acquired WCS International Ltd ("WCSI"), a UK‑based wholesale banknotes trading and distribution business.
The acquisition enhances StoneX's relevance to financial institutions by adding a complementary product and capability alongside its existing cross-border payments business.
WCSI was launched in 2022 to provide wholesale banknotes trading services to banks and other financial institutions. The company is led by Angela Smith, the former Head of Wholesale Banknotes at Travelex, and brings deep market expertise and longstanding industry relationships.
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