Airwallex expands its services in South Asia
Airwallex, an Australian cross-border payments company has announced its launch of the Airwallex Borderless Card and integrated expense management solution in Singapore.
As noted, Airwallex Borderless Card is a virtual multi-currency Visa business debit card that enables businesses to easily make online card payments anywhere that Visa is accepted, from Singapore to the rest of the world.
The companies in Singapore using these services would be able to generate and issue virtual multi-currency business debit cards to promptly pay third parties, such as vendors and other online merchants. These virtual cards will enable clients to transact in more than 140 currencies.
Last year, Airwallex secured a payments licence in Singapore.
In addition to this, the company has launched Expenses Solution which will let businesses simplify their expense processes with a single integrated platform to “manage spending, seamlessly upload receipts for approval, reconcile expenses, and gain real-time visibility over card transactions”.
As noted, the company had partnered with Visa back in February 2020 and since then has introduced Airwallex Borderless Card to businesses in Australia, Hong Kong, the United Kingdom, Europe, and the United States.
In the near future, the company plans to expand its card functionality which includes enabling physical cards for business owners and for their employees’ work expenses and digital wallet integration.