Fintech platform Airwallex officially launches in Singapore

Customers of the fintech platform will receive funds locally in SGD.

Fintech platform Airwallex has officially launched in Singapore following its beta launch in November 2021.

The fintech was granted a Major Payment Institution license by the Monetary Authority of Singapore last year.

Airwallex’s suite of payments services include a global account issuance, domestic and cross-border money transfer at market-leading rates, multi-currency wallets, and online payments acceptance, it said in a press release.

Customers of the fintech platform–which was founded in 2015–will also be able to receive funds locally in SGD.

Airwallex will progressively roll out other offerings such as multi-currency company and employee cards; spend management; and an API suite for technology-first businesses that require embedded payments. 

Airwallex operates across Asia-Pacific, Europe and North America with over 1,000 employees in 19 locations globally, including Singapore. The Singapore team is expected to quadruple by the end of 2022.