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Streamline FX payments
By streamlining international FX payments, corporate clients can increase operational and cost efficiency across the business. Our automated, individual and batch payments service enable clients to pay overseas suppliers and invoices more efficiently, manage global payroll, and multi-currency payments in over 60 different currencies across the world.
Fast & secure payments
Our clients are provided with a highly secure system for communicating payment instructions and other sensitive data globally. Monex Pay enables clients to trade same-day, tomorrow and spot contracts, while related cross-border payments are made with speed, accurately and securely using SWIFT and domestic settlement networks.
Comprehensive overview
Through a secure online account, clients have the ability to monitor the status of live and historic trades and related onward payments instructed through Monex Pay. All outgoing payments and FX transactions made can be traced up to delivery.
User preferences
Clients can securely and efficiently manage their bank account details, payment beneficiaries and individual Monex Pay user permissions. Users are able to create and manage approvals and multi-user authorizations for their business.
24/7 FX market access
To ensure efficiency when making payments, clients have 24/7 access to the Monex Pay platform, with transparent pricing to make sure you are in control of your business’ FX-related payment requirements.
Virtual Accounts
Monex’s Virtual Accounts offering mean corporate clients have the ability to receive and pay out funds via one Virtual (IBAN) Account number. Using only one account, appearing in your company’s name, you can make payments in 25 different currencies without the need for multiple bank accounts or a local presence. For any business transacting across borders, which has multiple payables and receivables in different currencies, there are many features and benefits to using Virtual Accounts. These include cost-efficiency, transparency and security.
Monex Pay key features
Monitor the status of live and historic FX trades and view reports
Instruct new FX trades and onward payments to third-party recipients
View and filter by FX trades, add and edit beneficiaries and create onward FX payment instructions
Monex Pay support
Tel: +1 647-943-1684 Email: support@monexpay.com