Monex Financial Services
From Wikipedia, the free encyclopedia
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]
Company type | Private company |
|---|---|
| Industry | Financial services |
| Founded | 1997 |
| Founder | Frank Murphy |
| Headquarters | , |
Key people | Frank Murphy (CEO), Michael Crowley (COO) |
| Products | Foreign exchange, Dynamic Currency Conversion |
| Website | www |
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.