February release notes: Online Payments, Direct Debit and IDR Global Accounts
With Q2 on the horizon, we know you’re laser-focussed on propelling your business towards growth. Meanwhile, we’re focussed on helping you get there. This month we’ve released a few key features which will help you continue to scale globally in the most efficient, cost-effective way possible. Read on to find out more.
New features 🎉
Indonesia Global Accounts 🇮🇩
Good news for businesses looking to expand their reach in Asia Pacific — we’ve launched Indonesia Global Accounts. This means you can open a local currency account in Indonesia from anywhere in the world and accept, hold and send payments in Indonesian Rupiah without being subject to unnecessary FX conversions. It's just one of the ways we're helping you grow your business globally.
Slicker onboarding for your customers ✨
If you use our embedded finance solutions, you can now onboard your customers and take care of compliance without directing customers away from your platform. With this new development, you can embed our KYC flow into your platform and customise it to suit your brand, creating a better onboarding experience for your customers.
Improvements 🎨
Expand your business, save on FX 🚀
You can now accept online payments in Canadian Dollars, New Zealand Dollars and Swiss Francs directly into your Global Account without converting to your domestic currency. So you can allow your customers to pay you in their preferred currency, reduce friction at your checkout, and avoid paying FX fees.
Put your payments on autopilot ➡️
You can now make direct debit payments from your AUD Global Account. This means you can automate recurring payments and save yourself the hassle of manually paying bills and subscriptions each month.
That’s it for our February release round-up. We hope these improvements help you propel your business to new heights.
Have something you’d like to see earlier for your region on our roadmap? Let us know here.
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Sophia Cheng is a content strategist at Airwallex, specialising in FinTech, startups, and SMEs. She has a robust background in the FinTech industry spanning investments to payments, having previously worked for a leading roboadvisor in Hong Kong. Her background provides a holistic view of technology and finance and how they can play a crucial role in streamlining financial operations for businesses.
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