Monex Canada Expands Monex Pay with New Mass Payments Capability

New functionality enables high-volume, multi-currency payouts with automated FX, enhanced controls, and bulk payment infrastructure

Monex Canada Inc. (“Monex Canada”), a subsidiary of the wider financial services group Monex S.A.P.I. de C.V. (“Monex”), 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.

About Monex Pay

Monex Pay offers businesses total visibility and control over their FX payments, whether trading from desktop or mobile. With enhanced security protocols, two-factor authentication, and user access management, the platform combines operational efficiency with strong compliance controls. Its ability to execute transactions instantly—paired with guidance from the DCS Desk—ensures clients can move funds globally without sacrificing speed or accuracy.

About Monex Canada Inc.

Monex Canada, headquartered in Toronto, provides corporate clients with industry-leading foreign exchange and international payment solutions. Monex Canada is part of the wider financial services group (“Monex Group”) controlled by Monex S.A.P.I. de C.V. (formerly Monex S.A.B. de C.V.), a global investment-grade financial services institution. Founded in 1985, the Monex Group is a global financial services organization that serves over 66,000 clients worldwide, managing US$303 billion in deliverable FX trades and US$11.1 billion worth of assets, and employs over 2,700 people.

For more information, please visit: www.monexcanada.com

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“The launch of Mass Payments in Monex Pay is an important step in meeting the core payment needs of our clients."