Monex Canada Inc., a subsidiary of global financial institution Monex S.A.P.I. de C.V., has introduced Mass Payments to its online foreign exchange platform, Monex Pay. The new feature significantly expands the platform’s treasury capabilities by allowing businesses to automate, manage, and execute large volumes of multi-currency payments with far greater speed, accuracy, and transparency.
Anil Sawrup, Chief Executive Officer of Monex Canada, said the launch marks an important milestone in meeting the core payment needs of their clients. “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,” he explained.
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Mass Payments is built for organizations that handle complex, high-volume disbursements—such as global payroll, contractor payments, royalties, licensing fees, and dividend distributions. The system can process up to 10,000 payments in a single file, consolidating FX conversion, payment execution, and reconciliation into one streamlined workflow. This automation reduces manual processes, minimizes errors, and connects users directly to both global and domestic payment networks, helping businesses reduce operational risk and friction.
Companies operating across multiple markets often struggle with fragmented payment systems, manual data entry, and multi-currency exposure. Monex Pay’s Mass Payments feature addresses these challenges by combining FX execution and payout automation in one centralized solution. Finance and operations teams can now save significant time, improve accuracy, and ensure compliance while managing large-scale payment operations.
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Built on scalable bulk-payment infrastructure, Mass Payments integrates embedded FX conversion, beneficiary onboarding, and payment execution into a unified process. Intelligent error handling isolates issues to specific transactions without delaying an entire batch. With full access to global and domestic payment rails and robust built-in security and compliance controls, organizations can confidently run high-volume international payouts.
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With the addition of Mass Payments, Monex Pay strengthens its position as a powerful platform for cross-border and multi-jurisdictional payment operations, enabling clients to scale their treasury infrastructure while reducing complexity. Monex Canada plans to introduce further enhancements and advanced capabilities in the coming months to continue supporting businesses’ evolving multi-currency and treasury management needs.
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