Airwallex provides a Banking as a Service platform that enables businesses to embed financial services into their offerings. This includes global accounts, multi-currency holdings, international money movement, card issuance, and lending capabilities, all accessible through a single API integration.

Key Features

Global Accounts Create local currency accounts in multiple countries

• Programmatically open accounts with local bank details in 60+ countries
• Enable customers to receive funds in local currencies

Multi-Currency Management Hold and convert funds in multiple currencies

• Support for 23+ currencies
• Access to interbank rates for currency conversion
• Advanced features for FX risk management

International Money Movement Streamline global payments and collections

• Facilitate payouts to 150+ countries and regions
• Offer various payout options, including batch payments
• Support for Direct Debit and other collection methods

Card Issuance Issue debit cards in multiple markets

• Provision single or multi-use cards in 40+ markets
• Support for Apple Pay and Google Pay
• Customizable card rules and limits

Lending Services Offer credit lines to customers

• Assess creditworthiness based on sales performance and cash volumes
• Instant fund disbursement
• Programmatic fund sweeping for repayments

Benefits

Revenue Generation Create new income streams for platforms

• Earn from FX markups and transaction fees
• Monetize through various financial services offerings

Customization and Flexibility Tailor financial services to specific needs

• Flexible deployment options (pre-built components or full API integration)
• Customizable solutions to suit complex requirements

Simplified Compliance Streamlined regulatory compliance handling

• Global KYC management for businesses and individuals
• Dynamic processes adapted to local regulations