Monex Financial Services Limited
TypePrivate company
IndustryFinancial services
Founded1997 (1997)
FounderFrank Murphy
Headquarters
Killarney
,
Ireland
Key people
Frank Murphy (CEO), Michael Crowley (COO)
ProductsForeign exchange, Dynamic Currency Conversion
Websitewww.monexfs.com

Monex Financial Services, is a private financial services company with headquarters in County Kerry, Ireland. The company is focused on FinTech solutions and Dynamic Currency Conversion (DCC) however Monex FinTech solutions span a wide range of Foreign Exchange (FX) treasury solutions.[1]

Working with international banks and processors, Monex services include: DCC for the automated teller machines (ATM) industry and Point-of-Sale merchants, multi-currency pricing, FX Rates, Treasury Management and FinTech payment and credit card services.[2][3]

In 2018, the company processed over $48 billion transactions and DCC was live in 50 countries on 4 Continents. The company operates DCC on ATM networks of over 70,000 ATMs.[4] Monex global office locations include Abu Dhabi, Bangkok, California, Hong Kong, London and Shanghai.[5]

History

Monex commenced business in 1997 following the invention of DCC by founder and CEO [Frank Murphy]. The service began its first implementation with Hertz Rent-a-Car.

References

  1. ↑ "Monex gets on board with RyanAir". Sunday Business Post. January 17, 2016.
  2. ↑ "5 Top Tech Firms reinventing Global finance". Independent - Business News. January 31, 2016.
  3. ↑ "DCC for ATM". Monex Financial Services.
  4. ↑ "Ireland plays for high stakes in fintech game". The Business Post. April 22, 2015.
  5. ↑ "Contact Monex. Send us a message". Dynamic Currency Conversion - DCC - Monex. Retrieved 2019-09-27.
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