| Monex Financial Services Limited | |
| Type: | Private company |
| Industry: | Financial services |
| Founder: | Frank Murphy |
| Location City: | Killarney |
| Location Country: | Ireland |
| Key People: | Frank Murphy (CEO), Michael Crowley (COO) |
| Products: | Foreign exchange, Dynamic Currency Conversion |
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]
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.