i2c, a California-based digital payments fintech, has announced its technology will be used by fast-growing payments company Airwallex in its B2B Airwallex Borderless Card. Founded in 2016 by two Chinese-Australians, Airwallex was recently valued at $1 billion.
The multi-currency card will be available in virtual form and will be subsequently available as a physical card. The card enables the business to make and receive payments to clients, suppliers, partners and subsidiaries all over the globe. Australia will be the first launch market, to be followed by the United Kingdom and Hong Kong later in the year.
The Airwallex Borderless Card will help businesses to move funds fast and convert payments in 10 different currencies will real-time access to the company’s exchange rates. This will assist companies to save processing time and unnecessary intermediary fees.
i2c API’s (Application Program Interface) under its agile platform and tools will provide Airwallex to control and configure the program as the company scales up globally, monitor peculiarities in usage patterns and behaviours, and set multiple identity verification and validation safeguards with a three-level security and detection system.
“We are proud to partner with Airwallex to deliver this innovative AI and machine learning-enabled corporate program that answers the critical need of today’s corporations for safer, more efficient and faster transfers of cross-border funds,” said Global Head at Product i2c Inc Ava Kelly.