Monex Financial Services, is a private
financial services
Financial services are the Service (economics), economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, acco ...
company with headquarters in County Kerry, Ireland. The company is focused on
FinTech solutions and
Dynamic Currency Conversion
Dynamic currency conversion (DCC) or cardholder preferred currency (CPC) is a process whereby the amount of a credit card transaction is converted at the point of sale, ATM or internet to the currency of the card's country of issue. DCC is gen ...
(DCC) however Monex FinTech solutions span a wide range of Foreign Exchange (FX) treasury solutions.
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.
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. Monex global office locations include Abu Dhabi, Bangkok, California, Hong Kong, London and Shanghai.
History
Monex commenced business in 1997 following the invention of DCC by founder and CE
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It is one of the three big ren ...