Who We Are

Frank Murphy, Monex’ Founder, Owner and C.E.O., invented Dynamic Currency Conversion (DCC) in the mid 1990’s. The DCC service was first implemented in Ireland in 1996 with Hertz Rent-a-Car Franchise becoming the first international customer for Monex in 1998.

Monex is not tied through ownership or investment to any bank in any country, we are free to provide unbiased bespoke business solutions including currency conversion and processing services. We make quick  quick, effective strategic decisions which allow us to capitalise on new global opportunities as they present.

We are the largest global provider of DCC solutions and integrated systems solutions tailored to local requirements while supported by a global network.

Monex serves a wide variety of geographic areas with a live DCC profile in 48 countries. Market sectors include: retail, financial services, eCommerce, tourism and hospitality.

Our client portfolio includes established international organisations from a diverse range of industries:
SIBS Portugal, Bank of China (Hong Kong), Ryanair (Europe), Switch Commerce (US), Hertz Car Rentals, Hilton Hotels, Ritz Carlton Hotels, Shangri-La Hotels and Marriott Group.

Monex provides a comprehensive range of bespoke DCC products and business solutions.

Over 250 million card transactions from 49 countries and five 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 continual years of growth.

Monex Timeline


Monex delivers DCC to enhance Customer experience.


Monex Financial Services announces the launch of a new scholarship program


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

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


Monex DCC available on 68,000 ATMs Worldwide


Monex celebrates a decade in business.


First DCC provider to receive PCI DSS.


Monex opens Hong Kong office.


Monex Software licensed to third party companies.


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


Monex is created.


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
  • Greg Kane – Commercial Director Europe & Americas
  • Martin Smith – Commercial Director Asia & Gulf Region
  • Jo Lalor – Business Development Director
  • Yvonne Ferris – Financial Controller
  • David Byrne – Legal Counsel
  • Marjorie McGillycuddy – Processing & Treasury Manager
  • Sandra Hartfield – Sales Director North America
  • Mai De Barra – Public Relations & Marketing Manager