Global Accounts in regulated countries/regions
Certain countries/regions impose strict foreign exchange controls, which translate into additional regulatory requirements in order to receive funds in these countries/regions via local clearing systems.
We offer an integrated experience to help you comply with such regulation requirements while maintaining the same core experience of creating bank accounts in these countries/regions, with a few additional API endpoints to consider.
Indonesia
According to local regulations, receiving funds into your Indonesia Global Account must be supported by relevant order information, and funds must not be held in IDR.
Currently, Airwallex supports receiving deposits to repatriate sales proceeds in Indonesia for the following use cases:
- E-commerce goods trade: Supports cross-border e-commerce sellers for goods sold imported from outside Indonesia.
- B2B commerce: Supports B2B sellers for goods sold imported from outside Indonesia.
- Education and training: Supports overseas companies providing education and training services in Indonesia.
- International logistics: Supports cross-border logistics services provided to customers in Indonesia.
- Software: Supports cross-border digital goods and services and advertising sold to customers in Indonesia (excl. gaming and any Airwallex prohibited industries).
- Professional services: Supports overseas companies providing professional services in Indonesia.
- Travel: Supports Online Travel Agencies (OTA) providing flight, hotel, and tour booking services in Indonesia.
If you have a use case not included in the above list, where you provide cross-border goods or services in Indonesia, please contact your Account Manager to raise a request.
See Indonesia for a step-by-step guide to fulfill the regulatory requirements and receive IDR deposits locally.