Monex Canada, a Toronto-headquartered provider of corporate foreign exchange and international payment solutions, has unveiled a new capability within its online FX payment platform, Monex Pay.
The company, part of the global financial institution Monex Group, has introduced Mass Payments to further strengthen its digital treasury offering.
The launch of the new feature is aimed at addressing growing client demand for automated, high-volume and multi-currency payment solutions. Organisations handling global payroll, contractor fees or cross-border supplier payments increasingly seek tools that consolidate and streamline their payout operations, prompting Monex Canada to evolve its platform.
Monex Canada provides clients with commercial FX services, international payment solutions and market expertise while operating under the wider Monex Group, which serves over 66,000 clients globally. The organisation manages US$303bn in deliverable FX trades and US$11.1bn in assets and employs more than 2,700 people.
The newly launched Mass Payments capability enables businesses to automate, manage and execute large volumes of payments—up to 10,000 per file—across multiple currencies.
Additional functionality includes smart error handling that isolates issues at an individual payment level, preventing full-file processing delays. Users also gain access to both global and domestic payment networks, enhancing cross-border payout efficiency. With embedded security and compliance controls, the system aims to reduce risk while ensuring governance over high-volume payment operations.
Monex Canada chief executive officer Anil Sawrup 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.”
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