Monex Canada Inc., a subsidiary of the wider financial services group Monex S.A.P.I. de C.V., an investment-grade global financial institution and a leader in commercial foreign exchange, today announced the launch of Mass Payments within its online FX payment platform, Monex Pay. The new capability enhances the platform’s treasury functionality by enabling businesses to automate, manage, and execute high-volume, multi-currency payments with greater efficiency, accuracy, and visibility.
Speaking of the new development, Anil Sawrup, Chief Executive Officer of Monex Canada, said, “The launch of Mass Payments in Monex Pay is an important step in meeting the core payment needs of our clients. This feature enhances our offering by providing efficient, scalable bulk payments infrastructure, with even more differentiated capabilities to come in the next few months.”
Mass Payments is designed for organizations managing complex payout operations such as global payroll, contractor payments, royalties, licensing fees, and dividend distributions. With the ability to process up to 10,000 payments per file, the solution streamlines FX conversion, payment execution, and reconciliation into a single workflow. Clients benefit from automated processes, smart error handling, and direct access to global and domestic payment networks, helping to reduce operational friction and risk.
Organizations operating across borders often face challenges with fragmented payment workflows, manual data handling, and multi-currency exposure. Mass Payments addresses these challenges by integrating FX execution and payout automation, giving finance and operations teams a centralized tool that saves time, reduces errors, and ensures compliance in managing large-scale payments.
Built on scalable bulk infrastructure, the Mass Payments capability combines embedded FX conversion, beneficiary setup, and payment execution into a single streamlined process. Smart error handling isolates issues to individual payments, preventing file-wide delays, while access to global and domestic payment networks supports seamless international payouts. With built-in security and compliance controls, the solution ensures safe, efficient, and fully governed high-volume payment operations.
With this functionality, Monex Pay is positioned as a powerful platform for multi-jurisdictional payment operations, enabling organizations to scale their treasury infrastructure while minimizing complexity.
Monex Canada will continue to enhance the Monex Pay platform and Mass Payments in the coming months, with additional product features and advanced capabilities currently in development to further support clients’ evolving multi-currency payment and treasury needs.
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