About Us


About Monex

Monex is the largest global provider of real-time FX currency solutions.

Monex founder, owner and C.E.O. Frank Murphy, invented and initiated the first DCC transactions in the mid 1990’s. While DCC remains a core service for clients, Monex FX treasury management outperforms alternative solution platforms in the market place and can be delivered as an add-on or stand-alone service.

Monex delivers DCC to a wide range of business portfolios from a diverse range of industries including: Magnati, Bank of China , Ryanair , Switch Commerce , Hertz, International Hotel groups and leading fashion brands. 

Monex is not tied through ownership or investment to any banking Institution. We provide impartial currency conversion processing and card-based acquiring solutions. 

We annually process transactions valued at over USD$63 billion from 65 countries and 5 continents. 

Investment in our people, innovation and R&D, combined with a clear focus on the needs of our clients, has ensured enduring years of growth.


Your partner for new FX revenue

Monex has a proven, successful track record delivering solutions that create new revenue for clients around the world. We deliver the most profitable, optimised FX service solution to match your business sector.

Our cross-sector payment industry experience brings a positive difference to your bottom line. 

We are dedicated, and very proud of our excellent client retention and always go that extra mile to ensure an optimised service and client satisfaction.


Monex timeline

The beginning...
Frank Murphy invented dynamic currency conversion in 1996. Monex launched in 1997 and began the long lasting standing relationship with it's first client, Hertz.
Monex DCC impact on Visa rules
Monex, in conjunction with AIB Bank establish DCC rules with Visa Inc. Further contracts within the car rental sector and Heathrow Airport experiences it's first DCC transaction.
Market expansion Europe and ME
Multi-Currency VAT Refunds go live in Middle East. DCC continues it's popularity with car rental customers in Spain. DCC Processing Agreement signed with major UK bank.
DCC in Airline eCommerce
Ryanair launches the new website generating three quarters of the airline's bookings. Monex provides DCC services for the Ryanair's international card transactions. In another first, DCC transactions begin in the USA.
Technology growth
Monex launch a next-generation transaction management platform, 'Revenue+' for dynamic currency pricing and multi-currency pricing.
DCC across the waves
Monex launches it's DCC solution for Royal Caribbean Int., in conjunction with Citibank using onboard satellite communications for real time FX rates.
Sights on Asia expansion
Monex opens Shanghai office. Business expansion in Asia in Duty-Free and T&E sector.
Another Industry first
Monex becomes the first DCC payment provider globally to achieve compliance accreditation for Payment Card Industry Data Security Standard (PCI DSS). In Asia, DCC roll-out in Macau with Casino World
Growth in Asia
Asia portfolio expands as Bank of China rolls out DCC to all its merchants. Asia Pacific's Shangri-La Hotels & Resorts launches Monex DCC. Monex DCC transactions commence in India. HK International Airport Duty Free initiates first DCC transaction.
A decade milestone
Monex celebrates it's first decade of successful DCC partnerships and expands it's reach to the ATM sector where the first DCC transaction on ATM goes live.
LatAm in sights
Monex are now live in 26 countries. Monex open a new office in Mexico and a focus on Central and South American clients.
We continue to grow
Office opens in Abu Dhabi. Qatar National Bank introduces Monex DCC. In conjunction with Monex, Visa DCC global rules expand. Monex supplies FX rates to Fortune 500 Companies.
ME DCC expansion
Monex partners with Emerging Markets Payments - Middle East (EMPME). Payment processing for begins for FireFly Car Rental. DCC available to Qatar Duty-Free customers.
New partnership roll-out
CEO hailed as one of the Top 50 Business Leaders by Business & Finance. New partnerships announced with Switch Commerce USA and Ingenico's Axis platform and UK company, uShop Tax Free. Monex DCC now live in 45 Countries.
CEO Accolades
CEO Frank Murphy, is honored in Ireland's Top 100 CEO list and Monex is listed in Top 50 Financial Services list. Sponsorship of St Pat’s Society Ball in Hong Kong.
ATM sector growth
With International offices established in USA, Asia, UAE, Monex is recognized as the #1 provider of DCC for POS and eCommerce and now Monex DCC is live on ATM networks totaling 68,00 machines.
Viva Las Vegas
Monex and Switch Commerce début ATM DCC at top Las Vegas Locations. Monex founder and CEO featured in Irish Independent Business Profiles.
Nordic ATM network growth
Monex grows it's Nordic ATM client network. Ryanair announce latest technology partnership with Monex. Bank of Maldives brings DCC to it's merchants.
DCC in Qatar
Announcing a new DCC roll out with Qatar National Bank (QNB). The bank will deliver DCC throughout it's merchant POS retail network.
Airline sector expansion
Malindo Air is the latest airline to partner with Monex for DCC services. CEO, Chandran Rama Muthy, said "Our partnership with Monex keeps us competitive in the industry and we look forward to more innovative feature to enhance customers' experience."
Continued partnership growth
Working together, APEXX and Monex will bring the ‘best of all worlds’ to merchants and shoppers delivering six core profit-driven services combined in one offer.
New markets
With the travel sector returning to pre-Covid 19 levels, Monex continues to expand it's services. New banking partnerships in 9 African countries.

Our team

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Middle East & Africa

Our Team

We’re ready to introduce you to the best FX revenue solution for your business. Click on regional link below and we’ll get back to you within 24 hours. 


Monex Middle East and Asia Office Locations

Middle East & Asia

Latin America


Our sales and support team comprises international, multilingual employees with key industry knowledge and skills. Our internal team is compiled of certified individuals in project management, full-stack development and treasury management. We have offices in California, Dubai, Abu Dhabi, Bangkok, Jakarta, Shanghai and our HQ in Kerry, Ireland.


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Contact us today and find out how we can help your business.