Visa, Inc. Reveals Business Partnership with China’s Airwallex


(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. 

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Written from Press Release
Registered Writer with
PR Newswire Association, LLC
R-Berumen28
02/07/2020

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