WASHINGTON, DC – April 25, 2024 – Monex USA, Inc., a trusted partner in foreign exchange (FX) and global payment services for businesses, today announced it has been named to FXC Intelligence’s 2024 List of Top 100 Cross-Border Payments Companies for the sixth time.
This list highlights leading companies in cross-border payments worldwide and demonstrates Monex USA’s commitment to industry leadership and innovation.
“We are honored to again be recognized by FXC Intelligence as a Top 100 Cross-Border Payments Company,” said JP Carriedo, Monex USA CEO. “This award is a testament to our dedication to creating a frictionless customer journey. From greater technology investments to increased partnerships, Monex USA has become a leader in simplifying a very complex cross-border payment process.”
“Monex USA’s inclusion in the Cross-Border Payments 100 for the sixth year underscores its role as a trusted provider of foreign exchange and global payment solutions,” said Daniel Webber, CEO and Founder of FXC Intelligence. “Through a combination of expertise and innovative technology, it has facilitated seamless transactions for businesses and individuals worldwide, recognized by FXC Intelligence for their contributions to the global payments landscape.”
From partnerships and integrations with SAP and global financial institutions to expanded payment rails and a new digital onboarding process, Monex USA is creating a frictionless customer journey focused on meeting the evolving needs of both large enterprises and small operations. Over the past year, Monex USA made strategic investments in its partnership platform and technology, resulting in a 60% reduction in partnership onboarding times and 15 new partnerships across its White Label and Embedded Finance solutions, unlocking new markets and integrating with diverse platforms to expand its client service portfolio.
The company has opened new offices in Miami, FL, and Houston, TX, while expanding offices in Beverly Hills, Chicago, and Washington, DC. Building on this momentum, in 2024, Monex USA has turned to initiatives to enable more seamless global business transactions for clients, including integration with Q2’s Digital Banking Platform, which enables financial institutions to provide more options for their clients.
In an ever-changing landscape, Monex USA is positioned to capture significant market share through strategic partnerships, robust integrations, and a relentless focus on enhancing the customer journey. As the company expands its service portfolio and deepens its integration capabilities, it remains dedicated to driving corporate growth and delivering unparalleled value to its clients.
The Top 100 Cross-Border Payment Companies for 2024: Market Map
Published every year, our market map recognizes the leading companies in cross-border payments worldwide, including publicly traded companies, startups, and private companies. It covers companies operating across consumer money transfers and remittances, B2B payments, e-commerce companies, payment processors, crypto providers, and beyond.
Here’s The 2024 Cross-Border Payments Top 100 in full:
About Monex USA
For 25 years, Monex USA has provided corporate clients with industry-leading foreign exchange and global payment solutions through its FX products, 24/7 Global Payments Platform, partnership opportunities, and robust industry knowledge. Monex USA is part of the wider financial services group, Monex S.A.P.I. de C.V. (formerly Monex S.A.B. de C.V.) (“Monex”), a global investment-grade financial services institution.
Founded in 1985, the Monex group is a global financial services organization that services more than 66,000 clients worldwide. Monex manages US $303 billion in deliverable FX trades and US $11.1 billion worth of assets. The group, through its subsidiaries, offers financial services in key financial centers worldwide, including North America, Latin America, Europe, and Asia, and employs over 2,800 people globally. As part of the Monex Group, Monex USA is headquartered in Washington, DC, with offices in New York, NY; Chicago, IL; Miami, FL; Houston, TX; and Beverly Hills, CA.
