What is Airwallex? Airwallex Review

Airwallex is a financial technology company dedicated to building a global integrated cross-border payment platform. Its business scope includes collection, payment and multi-currency exchange in cross-border transactions.

Function

1. Foreign exchange

Real-time exchange rates keep your business in sync with the international currency market;

Get wholesale comparable rates to ensure you’re getting value for your money.

The ability to secure a 24-hour fixed rate to reduce the risk of market volatility;

A single exchange and payment platform to simplify foreign exchange processes.

2. International Payments

Choose currency pairing to achieve same-day payments;

Direct integration into local payment provider networks, ensuring full payment delivery;

· Make bulk payments using a platform designed for high-volume transactions.

3. Global payment accounts

Create accounts in new markets and manage multiple currencies using a centralized platform;

Strictly follow the laws and regulations of various countries. All transactions are listed in your name and are safe and traceable.

Payment can be settled in local currency, making financial audit more convenient;

· Use the customer's local currency to conduct transactions and provide the best customer experience.

4. WeChat Pay

Connect with WeChat Pay: WeChat’s digital wallet accounts for 45% of China’s e-wallet market. With the growth of Chinese tourists, using WeChat to pay overseas will become more common. Mobile payments through QR codes or apps are simple and fast, which can attract more Chinese customers to spend overseas.

Connection

Airwallex offers two easy ways to connect:

1. API: Seamlessly connect to existing infrastructure and automate the entire set of foreign exchange, payment and collection steps;

2. Online platform: provides global access to your account and provides an overview of your trading activities.

cost

Jack Zhang, co-founder and CEO of Airwallex, said that when companies use Airwallex's products to make remittance transactions, the lowest fee is less than 30% of traditional wire transfers.

Financing

As of July 2018, Airwallex has raised a total of US$102 million. In 2017, Airwallex received a US$13 million Series A investment led by Tencent, Sequoia China and MasterCard, and a US$6 million Series A+ investment from Square Peg Capital.