Who We Are


Over 271 million card transactions from 50 countries and 4 continents are currently processed annually by Monex. Investment in our people, innovation and R&D, combined with a clear focus on the needs of our clients, has led Monex to enduring years of growth.

Monex is the largest global provider of Dynamic Currency Conversion (DCC) solutions and integrated systems solutions for Point of Sale, ATM and eCommerce. While DCC remains a core solution for clients, our FX transaction reconciliation and settlement services outperform alternative solution platforms in the market place.

Monex is privately owned and is not tied through ownership or investment to any bank in any country. We provide unbiased bespoke business solutions including FX currency conversion and processing services making effective strategic decisions which allow us to capitalise on new opportunities as they present.

Frank Murphy, founder, owner and C.E.O., invented DCC in the mid 1990’s. DCC was first implemented in Ireland in 1996 with Hertz Rent-a-Car Franchise in 1998.

Monex client portfolio includes  international organisations from a diverse range of industries:
SIBS Portugal, Bank of China , Ryanair , Switch Commerce , Hertz, Hilton Hotels, Ritz Carlton Hotels, Shangri-La Hotels and Marriott Group.

Monex Timeline

2019

A busy year has been spent developing new global Client relationships and attending US and European industry conferences.


2018

Monex delivers DCC to enhance Customer experience.


2017

Monex Financial Services announces the launch of a new scholarship program


2016

Monex & EVRY present valuable DCC case study at ATMIA Europe Conference

Monex straightens it’s Nordic ATM portfolio with yet another ATM network client.


2015

Monex DCC available on 68,000 ATMs Worldwide


2007

Monex celebrates a decade in business.


2005

First DCC provider to receive PCI DSS.


2003

Monex opens Hong Kong office.


2001

Monex Software licensed to third party companies.


2000

The first ever based DCC transactions take place in the USA.


1997

Monex is created.


1996

DCC is invented by Frank Murphy.


Want to learn more?

See our full history.



Why Monex?

We have a proven successful track record for delivering revenue generating solutions to our global clientele.. We make it our business to identify the needs of our partners and clients in order to deliver profitable service solutions.

We pursue opportunities in which our industry experience and influence will make a positive difference to your bottom line. We’re dedicated to our clients and go the extra mile to ensure streamline implementation and client satisfaction.

Monex Financial Services Ltd. Registered in Ireland. Registered No: 27754


Monex CEO & Management Team

Frank Murphy
Frank Murphy

Chief Executive Officer

  • Michael Crowley – Chief Operating Officer
  • Brian Kiely – Chief Technology Officer
  • David J. Brennan – Director
  • Yvonne Ferris – Financial Controller
  • David Byrne – Legal Counsel
  • Laura Wilson– Processing & Treasury Manager
  • Greg Kane – Commercial Director Europe & Americas
  • Martin Smith – Commercial Director Asia & Gulf Region
  • Jo Lalor – Business Development Director
  • Sandra Hartfield – Sales Director North America
  • Mai De Barra – Head of Public Relations & Marketing