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Airwallex Expands to U.S.

U.S. businesses can now use Airwallex to accept cards, mobile wallets, and local payment methods for cross-border transactions.

Airwallex Expands to U.S.

Airwallex, a multinational fintech company offering financial services and software as a service (SaaS), has launched operations in the U.S.

In the dedicated post, the firm explained that American merchants and shopping platforms can utilise its software to create localized checkouts with their shoppers’ preferred currency and payment methods. The tailored checkout experience is integrated via no-code or fully customizable API options. Besides, merchants can create shareable Payment Links to receive client payments (both one-time and recurring).

Generated payment links or QR codes can be sent via email, social media, SMS, and other types of messengers. Sellers can also embed it into their invoices alongside branding features.

Airwallex’s business customers can not only settle transactions in multiple currencies but also hold multi-currency funds in their Airwallex Wallet to perform future payments to global suppliers without FX exchange. Moreover, one can lock in FX rates for up to 72 hours to safeguard prices in local currency against FX fluctuations.

The checkout platform also has a machine-learning-powered optimisation engine that works in the background to improve the payment success rate.

Airwallex was launched in 2015 in Australia and has 19 international offices today. The fintech has raised over US$900 million to date and reached a valuation of $5.6 billion. It now supports merchants in 35 countries with payment acceptance services.

Upon its U.S. expansion, Airwallex will continue to scale its offering across the Americas region including Canada and Mexico. Airwallex expanded into Canada in 2023 and now plans to launch its Borderless Cards product there. The firm also announced its intention to enter Mexico with the acquisition of MexPago, a Mexico-based payment service provider.

Nina Bobro

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https://payspacemagazine.com/

Nina is passionate about financial technologies and environmental issues, reporting on the industry news and the most exciting projects that build their offerings around the intersection of fintech and sustainability.