eXgine is the specialist foreign exchange company within QashPay — available exclusively to eligible QashPay merchants.
Specialist FX within QashPay

The specialist foreign exchange company within QashPay.

eXgine provides automated FX and Multi-Currency Processing exclusively to eligible QashPay merchants. QashPay opens a local account per currency; eXgine fixes each qualifying transaction back to the merchant’s settlement currency, designed to reduce or remove transactional FX exposure where the FX and settlement flow completes as configured. There is no separate eXgine integration — the service is configured and accessed through QashPay.

UK companyHMRC MLR-207360
Automated FXfixed at the sale
QashPay onlyno direct integration
Foreign sale Rate fixed
Customer payson your USD MID $250.00 USD
eXgine fixes USD→EUR 0.9260
You receive €231.50
Charged in-currency Statement matches Reduced FX exposure
txn_9f2a4c · mcp_7b1e Value date: settlement +1
Built on the QashPay payment gateway
UK company 11640652 HMRC MLR-207360 Local MIDs per currency FX fixed at the sale

One integration. Hundreds of ways for your customers to pay — eXgine converts the qualifying transactions.

Visa Mastercard American Express PayPal Apple Pay Google Pay Klarna Discover UnionPay JCB Maestro Diners Club
What is MCP

Go global without losing sales to bad conversions — or taking on FX risk.

Sell in a currency you don’t hold an account for and the card is forced onto a mismatched MID: the issuer converts at a poor rate, declines more often, and your customer sees a different amount — a chargeback waiting to happen.

Without MCP

One MID, foreign cards forced to convert

  • A USD card on your EUR MID is converted by the issuer at a poor rate.
  • Cross-currency authorisations are declined more often — lower success rate.
  • The cardholder’s statement shows a different amount — chargeback risk.
  • You still carry the currency exposure until the acquirer settles.
With eXgine MCP

A local account per currency, FX fixed for you

  • QashPay opens a local MID per currency — cards are charged in the customer’s own currency.
  • Can improve acceptance by reducing unnecessary cross-currency processing, with matching statements and fewer currency-related chargebacks.
  • eXgine fixes the rate back to your currency, value date after the acquirer settles.
  • Designed to reduce or remove your transactional FX exposure where the FX and settlement flow completes as configured — and it isn’t DCC: nothing is converted at checkout.
How it works with QashPay

A switch in your payment settings — not a project.

Set your settlement currency, pick the currencies you want to sell in — QashPay opens a local MID for each — and eXgine fixes the exchange back to you.

  1. 01

    Set your settlement currency

    The currency you want to receive. Everything settles back to it.

  2. 02

    Choose currencies to sell in

    QashPay opens a local MID for each via its integrated PSPs.

  3. 03

    Cards charged in-currency

    Each card authorises on its own-currency MID — improved acceptance, matching statements.

  4. 04

    eXgine fixes the FX back

    A locked rate, value date after the acquirer settles. Designed to reduce or remove transactional FX exposure where the FX and settlement flow completes as configured.

Inside the platform

Every trade, with the rate that was applied.

eXgine reports into the QashPay dashboard you already use. There is no second system to log into and no separate reporting pack to reconcile.

The eXgine Trade History screen inside the QashPay dashboard for merchant Northgate Supplies Ltd, summarising 786 trades across two currency pairs over five trading days with EUR/GBP the busiest pair. Every conversion booked against the account is recorded here as a trade with eXgine.
eXgine Trade History inside the QashPay dashboard — 786 trades across two currency pairs over five trading days, busiest pair EUR/GBP. Each row is one completed foreign exchange trade against a qualifying transaction, showing its base currency and contra currency, the exchange rate that was fixed, the trade date and the value date on which the currency settles. This is the record eligible QashPay merchants use to reconcile Multi-Currency Processing activity.
Trust & compliance

A UK-registered, HMRC-supervised FX company.

UK registered

eXgine Limited, registered in England and Wales, company number 11640652, with its registered office in Cornwall.

HMRC supervised

Registered with HM Revenue & Customs under the Money Laundering Regulations, registration MLR-207360. Registration is not an endorsement.

Reduced FX exposure

eXgine is designed to reduce or remove transactional FX exposure where the FX and settlement flow completes as configured.

FX component only

Card acquiring and settlement are provided by others. eXgine supplies only the foreign exchange leg of the arrangement.

In plain terms

eXgine, explained.

What is eXgine?

eXgine is the specialist foreign exchange company within QashPay, providing automated FX and Multi-Currency Processing services exclusively to eligible QashPay merchants. eXgine Limited is a UK company registered in England and Wales.

How does eXgine work with QashPay?

QashPay provides the merchant-facing payment platform — the gateway, onboarding, transaction routing and merchant accounts. eXgine provides the specialist FX component for supported QashPay Multi-Currency Processing, fixing each qualifying transaction back to the merchant’s settlement currency. There is no separate eXgine integration; the service is configured and accessed through QashPay.

What is Multi-Currency Processing?

Multi-Currency Processing (MCP) lets a merchant charge each customer in their own currency and settle back to the merchant’s chosen currency at an automatically fixed rate. QashPay opens a local merchant account per currency; eXgine provides the FX. It is not Dynamic Currency Conversion — no rate is shown to the cardholder at checkout.

Can I use eXgine without QashPay?

No. eXgine is not a standalone FX platform and is not available to businesses outside QashPay. Its services are available only to eligible QashPay merchants, and merchants do not integrate directly with eXgine.

How is eXgine regulated?

eXgine Limited is registered in England and Wales (company number 11640652) and is registered with and supervised by HM Revenue & Customs for anti-money laundering purposes under the Money Laundering Regulations, registration MLR-207360.

Available exclusively to QashPay merchants.

eXgine services are available only to eligible QashPay merchants. There is no separate eXgine integration — the service is configured and accessed through QashPay. All onboarding and eligibility are handled by QashPay.