Foreign Exchange is the trading of one currency for another. For example, one can swap the U.S. dollar for the euro. Foreign exchange transactions can take place on the foreign exchange market, also known as the Forex Market.
The forex market is the largest, most liquid market in the world, with trillions of dollars changing hands every day. There is no centralized location, rather the forex market is an electronic network of banks, brokers, institutions, and individual traders.
Source: investopedia.com
Deutsche Bank has debuted a suite of correspondent banking solutions for its clients. Announced Monday (Oct. 14) by the banking giant’s institutional cash and trade arm,...
Visa and CARD91 have partnered to enable regulated entities to issue Forex Cards on the Visa network. This collaboration brings together Visa’s digital payments network and...
Bridge reportedly raised $40 million to support its efforts to build a stablecoin-based payments platform designed to simplify global money movement. The funding brings the...
Visa and Crown Agents Bank (CAB) are targeting the “last mile” of the payments process. The two firms were already working together, with Visa relying...
Payments solutions firm Finzly says it has launched a partnership with corporate payments company Corpay. The collaboration, announced Wednesday (Aug. 14), combines Finzly’s foreign exchange...
Corporate payments company Corpay is acquiring business-to-business cross-border/treasury management firm GPS Capital Markets. “GPS is our third largest deal ever. We’re quite excited about GPS’...
Foreign credit card transactions are reportedly bringing more foreign currency into inflation-plagued Venezuela. That’s according to a report Thursday (June 13) by Reuters, citing four public sector...
Fiserv and Monex USA will work together to help financial institutions complete international wire transfers. The companies said in a Wednesday (June 5) press release...
Airwallex and BILL partnered to help BILL customers make faster international payments. With this collaboration, BILL’s financial operations platform for small– to medium-sized businesses (SMBs) will add the local...