Intl FCStone set for yearly payments of $1bn in Brazil

Exotic markets payments provider says volumes are up threefold since obtaining a banking licence in the country

Cristo Redentor statue overlooking Rio de Janeiro
Higher volumes: Intl FCStone is one of the few foreign firms to have received an FX banking licence in Brazil

Cross-border payments provider Intl FCStone is set to handle $1 billion in yearly payments from Brazil, after the company acquired a banking licence there in April. Since acquiring its new regulatory status, the firm says volumes of payments in the country have trebled.

Intl FCStone, which specialises in cross-border payments in local currency in the world’s most illiquid and exotic frontier markets, is considering extending the range of FX products it offers clients in Brazil in the near futur

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Week account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: