Monex Financial Services

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Monex Financial Services Limited
Private company
IndustryFinancial Services
Founded1997 (1997)
FounderFrank Murphy
Headquarters,
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 service solutions 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]

As of 2017, the company processed over $49 billion transactions and DCC was live in 48 countries on 4 Continents. The company operates DCC on ATM networks of over 69,000 ATMs.[4] Monex global office locations include Abu Dhabi, Amman, Bangkok, California, Dubrovnik, Hong Kong, London, Seoul and Shanghai.[citation needed]

History[edit]

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

References[edit]

  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.