Singapore – Airwallex, a leading global payments and financial platform, has announced strategic partnerships across Europe and Asia-Pacific (APAC) to enhance its global payments infrastructure. These collaborations aim to provide businesses with seamless access to local payment methods, facilitating smoother cross-border transactions and expanding Airwallex’s reach in key international markets.
Strengthening European Presence
In Europe, Airwallex has expanded its operations by opening a new office in Paris and making key hires in London, Amsterdam, Abu Dhabi, and Dubai. This expansion is part of a broader strategy to increase its footprint in the region, which has seen a 271% year-on-year revenue growth in Q3 2024. The company’s EMEA operations now employ over 150 staff members from more than 38 nationalities, underscoring its commitment to serving diverse markets.
Enhancing APAC Capabilities
In the APAC region, Airwallex has bolstered its capabilities by acquiring CTIN Pay, a regulated payment service firm in Vietnam. This acquisition expands Airwallex’s regulatory licenses across major APAC markets, including Australia, Singapore, Hong Kong, Malaysia, New Zealand, mainland China, and Japan. The move aims to support SMEs in their cross-border expansion and facilitate international businesses’ entry into the Vietnamese market.
Collaborations with Local Partners
Airwallex has also partnered with Yuno, a payments orchestration platform, to enable access to over 1,000 payment methods across more than 195 countries. This collaboration aims to simplify cross-border payments for businesses and enhance their global reach.
Commitment to Global Expansion
With these strategic partnerships and expansions, Airwallex continues to strengthen its position as a leading global payments platform. The company remains focused on providing businesses with the tools and infrastructure needed to navigate the complexities of international commerce and drive growth in global markets.
