Homegrown global fintech Airwallex has announced its official launch into Singapore today following its November grant of a Major Payment Institution (MPI) license by the Monetary Authority of Singapore.
The approval will see Airwallex progressively introduce a suite of product and service offerings that will enable businesses in Singapore to operate and grow globally and across the ASEAN region.
Similarly, the Aussie fintech’s global customers will now have access to the Singapore market and receive funds locally in SGD, making their businesses more accessible to the Singapore market.
Airwallex Singapore CEO Nazim Ali says other Airwallex offerings such as multi-currency company and employee cards and an API suite will be progressively rolled out to the market. The CEO said the launch in Singapore will empower businesses with better payment options.