(The Country of Singapore)
Airwallex, without a doubt, is a fintech giant.
As a financial technology (Fintech) computer software business, it stays
true to the definition. The definition
of fintech, according to the way it is understood, involves innovation. Therefore, Airwallex became truly fintech,
when it became the innovator of an international financial service. This international financial service, without
a doubt, is competing against traditional financial methods. Additionally; it involves moving to the side,
the territorial boundaries of the standard business bank account, and, foreign
currency exchange. The idea was doing
business, in the contemporary business world that, doesn’t have territorial
borders. For this effort, Airwallex
received recognition, from the giants of the venture capital world. The recognition, was in the form of an
investment. Recently, Visa, Inc.
announced that, it is very familiar with China’s
Airwallex. Specifically, the
aforementioned business revealed that, it is in a business partnership with
Airwallex. The purpose of the business partnership,
is a B2B cross-border payment method.
The latter and officially, is the Airwallex Borderless Visa Card.
The Airwallex Borderless Visa Card,
as a B2B cross-border payment method, is now available. Incidentally, the announcement of the business
partnership, was also the launch date.
Now and in the Country of Australia, the Airwallex Borderless Visa Card,
is available to businesses.
Additionally, the United Kingdom/Britain and Hong Kong,
will officially launch the Airwallex Borderless Visa Card; later on this
year. However and returning to;
Airwallex, the aforementioned business is set apart by, its high profile
investors. The investors and as
previously mentioned, are venture capital firms. These venture capital firms joined Airwallex,
through, three funding rounds. For its
Series A funding round, Airwallex reported securing $22 million USD. For its Series B funding round, Airwallex
reported securing $80 million USD. For
its Series C funding round, Airwallex reported securing $100 million USD. Overall and cumulatively, Airwallex reports
that, it has $202 million USD in total funds.
Fascinatingly, Airwallex was founded in the year, 2015. The birth location of this business is,
Melbourne, the Country of Australia.
However and currently, the headquarters office is located in Hong
Kong, the Country of China.
Due to its high profile investors, Airwallex, does operate nine
international offices. These
international offices are located in Melbourne,
Shanghai, Shenzhen, Beijing,
Singapore, London,
San Francisco, Tokyo
and Bangalore.
Returning to, the Airwallex
Borderless Visa Card, the aforementioned is a convenient and secure payment
method. For businesses, it is an easy
way to issue employees a corporate credit card.
Additionally; it allows them to maintain visibility of spending, and,
control over the business’s expenses.
Furthermore; businesses can setup transaction limits, and, other types
of limitations. The other types of limitations
include being able to decide the foreign currencies that are used, the types of
merchants that can be paid and an overall general purpose spending limit. Through the use of the Airwallex Borderless
Visa Card, businesses obtain access to Airwallex’s international foreign
currency exchange rates. The latter, is
due to the fact that, this credit card is automatically linked to an
Airwallex.com account. This means that,
a business can now complete a transaction that, requires a foreign currency
account. Additionally, all transactions
are funded, the moment the transaction happens.
Under the Airwallex fintech business model, the Airwallex Borderless
Visa Card, is a multiple currency Visa corporate credit card. Employees who need to spend, in an
international manner, are the intended users.
Jack Zhang is a Co-Founder and the
Chief Executive Officer of Airwallex.
Through a press statement, Mr. Zhang said the following. “Airwallex’s goal has always been to set up a
global financial infrastructure that helps businesses to grow and scale. In the last few years, we have cemented a
growing reputation as one of the world’s leading cross-border payments
providers. This partnership with Visa
takes us to a new level, where we can now offer businesses an end-to-end financial
services solution. We have evolved to
become a business account that will support the financial needs of today’s
modern business.”
To end, Visa, Inc. (NYSE: V) did release a press statement. Chris Clark is the Regional President, Asia
Pacific at Visa, Inc. Through a press
statement, Mr. Clark said the following.
“Today, cross-border B2B payments remain a cumbersome and costly affair,
which can impact small businesses and corporates who are time-starved and need
to keep a close eye on their cashflow.
This is why we are excited to partner with Airwallex to help businesses
make seamless, secure and convenient international payments, all linked to a
Visa account.” Chris Clark also
said. “By leveraging our network and
scale, businesses on the Airwallex platform can now make payments to any
merchant that accepts Visa.” As
previously stated, Visa, Inc. recently announced that, it is very familiar with
China’s
Airwallex. Specifically, the
aforementioned business revealed that, it is in a business partnership with
Airwallex. The purpose of the business
partnership, is a B2B cross-border payment method. The latter and officially, is the Airwallex
Borderless Visa Card. Lastly and
incidentally, the announcement of the business partnership, was also the launch
date.
###
Written
from Press Release
Registered
Writer with
PR
Newswire Association, LLC
R-Berumen28
02/07/2020
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