March Release Notes: Introducing Reimbursements and Bill Pay integration with Quickbooks

Product Launch 🎉

Introducing Reimbursements

We're excited to announce the launch of Airwallex Reimbursements, a solution designed to streamline your global expense management process further. Airwallex customers can now manage all their global business expenses in one place including reimbursing employees for out-of-pocket expenses.

Say goodbye to manual and fragmented reimbursement processes and ensure your employees are reimbursed quickly in 110+ countries.

Businesses can pay out reimbursements to employees’ local bank accounts, irrespective of the currency in which expenses were incurred.

• Employees can submit out-of-pocket expenses for reimbursement via the Airwallex app.

• Submissions are routed through customisable, multi-layer approval workflows.

• Automatically sync expenses back to your accounting software (Netsuite, Xero and Quickbooks) to save time on reconciliation.

Simply log into your Airwallex account and ‘Get Started’ under the Expenses tab with the option to activate Reimbursements

Canadian Customers: Create virtual employee and company cards with a click

Customers in Canada can now create virtual cards for employee and company expenses instantly in the Airwallex app. 

Airwallex Borderless cards enable you to spend globally from balances in your multi-currency account. This means you can avoid unnecessary currency conversions when paying for global expenses. If you don’t have the correct currency balance available, your Airwallex cards will auto-convert at market-leading FX rates. Airwallex company and employee cards are already available in multiple regions. We’re excited to bring this product to our customers in Canada.  

Product Enhancements 🎨

Integrate Airwallex Bill Pay with Quickbooks ⚡

Airwallex Bill Pay solutions help businesses automate invoice management and accounts payable, saving hours of manual work. Users can now connect their Quickbooks accounting software with Airwallex to automatically sync invoices for faster reconciliation. 

Integrate Airwallex with your existing accounting stack (already available for Xero and Netsuite users) to reduce time spent on reconciliation and simplify bookkeeping. Learn more here.

Our Shopline plug-in now supports 30+ local payment methods ➡️

With Airwallex Payments, Shopline merchants can increase conversions and meet their customers’ payment preferences with access to 30+ local payment options through Airwallex Payments, including Klarna, iDeal, Apple Pay, and Google Pay. 

Giving customers the opportunity to pay via their favourite payment method is vital for reducing cart abandonment and boosting checkout success rates. Data suggests that providing the preferred payment options will increase the conversion rate by ~10%

With Airwallex Payments, you can tailor the checkout experience to suit regional preferences by displaying relevant payment logos, worldwide. To access the local payment methods learn more here.

To get started, seamlessly integrate Airwallex payments to your Shopline store with our no-code solution. 

Grow your business in Singapore 🇸🇬

Singaporean businesses using Global Accounts can now receive funds in 12 additional currencies via SWIFT (including USD, AUD, CAD, CHF, CNY, EUR, GBP, HKD, JPY, NOK, NZD, and SEK). Get cost effective and faster access to these currencies in Singapore. Head to Global Accounts in the web app to create your new Singapore account in a few clicks.