Airwallex begins operations in Malaysia with launch of payment services

KUALA LUMPUR, MALAYSIA - 31 March 2022 - Global fintech platform Airwallex announced today the launch of its cross-border payment services, following its grant of a money services business license by Bank Negara Malaysia in August last year.

Initially, qualified Malaysian businesses will be given access to Airwallex's fast, transparent and cost-effective foreign exchange conversions and payouts in more than 130 countries, empowering them to grow and operate globally. Airwallex will continuously extend availability of its product offerings to more businesses over the next few months.

Today’s announcement marks Airwallex’s ongoing commitment and successive step forward in its Southeast Asia expansion. Earlier this year, Airwallex announced it was open for business in Singapore shortly after receiving a Major Payment Institution License by the Monetary Authority of Singapore.

Airwallex was founded in Melbourne in 2015, and in just six years, the company has secured more than US$800 million in funding and a valuation of US$5.5b. The Airwallex group currently serves tens of thousands of customers across all the markets it operates in, including leading global brands such as Qantas, Papaya Global and Plum. 

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For more information, please contact Gina Daryanani at [email protected]

About Airwallex

Airwallex is a global payments platform with a mission to empower businesses of all sizes to grow without borders, and by doing so, contribute to the global economy. With technology at its core, Airwallex has built a financial infrastructure and platform to help businesses manage online payments, treasury and payout globally, without the constraints of the traditional financial system. Airwallex has raised over US$800 million since it was established in 2015, and is backed by world-leading investors. Today, the business operates with a team of over 1,000 employees across 19 locations globally. For more informationwww.airwallex.com.