fbpx
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Marketplaces & E-commerce
    • Ecosystem
    • Robotics
    • Investments
    • EdTech
    • Featured
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Startup Investing
    • Fundraising
    • Product Launching
  • MORE
    • Events
    • Startups Advice
  • Submit an Article
  • REGISTER
  • login
No Result
View All Result
No Result
View All Result
Home FinTech

Australia’s Airwallex secures online payment license to operate in China

Team AsiaTechDaily by Team AsiaTechDaily
13 March 2023
in FinTech
0
Airwallex

Jack Zhang, CEO and Co-founder of Airwallex.

16
SHARES
Share on FacebookShare on Twitter
Bookmark (0)

Please login to bookmark

No account yet? Register

Airwallex, an Australia-based global payments and financial platform, has announced that it has secured a payment business license in China.

This happened following their successful acquisition of a 100% stake in Guangzhou Shang Wu Tong Network Technology Co., Ltd., an information and online payment services company.

“We are excited to achieve this milestone, and to have completed the acquisition,” said Kai Wu, Chief Revenue Officer and General Manager of Asia Pacific (APAC) at Airwallex.

Wu said that moving forward, they are now prepared to significantly enhance their capabilities to empower entrepreneurs and modern businesses to leverage technology and grow without borders.

In a statement, Airwallex said that Shang Wu Tong Network Technology has a license for online payment services. Their acquisition of the company received approval and endorsement from all relevant China regulatory authorities.

The support that they have been getting from Chinese regulators is an added boost to Airwallex’s existing licenses across major markets around the world, including Australia, the European single market, Hong Kong, New Zealand, Singapore, the United Kingdom and the United States.

With its license, Airwallex can now function as a third-party payment provider in China with increased access in the local market.

In order to better address the ‘pain points’ that are being encountered in doing cross-border transactions between China and the rest of the world, Wu said that their team will work towards integrating their platform.

This means that they will already be able to support even more secure, straight through, effective, efficient and affordable solutions, introducing products and services in China for businesses of all sizes in their global expansion plan.

Airwallex is a global payments and financial platform that caters to modern businesses. The company covers more than 150 countries and posts $50 billion in annualized transactions.

The company’s global financial infrastructure and platform helps businesses manage payments, treasury, as well as card and expenses. They also provide an embedded finance offering for global, digitally native businesses.

Tags: Airwallex
Previous Post

Growfin raises $7.5m as it grows AI-based cash collection SaaS in US, Asia

Next Post

Asia’s premier tech event Beyond Expo 2023 returns to real-world event in Macao to showcase cutting-edge technology

Related Posts

edit post
Auros
Featured

Trading platform Auros receives $17m in latest funding round

March 27, 2023
edit post
PhonePe
Featured

Indian fintech PhonePe raises $200m more from Walmart

March 21, 2023
edit post
F88
Featured

Vietnamese small lender F88 raises $50m in Series C funding

March 13, 2023
edit post
UPI
FinTech

Singapore, India launch linkage that allows real-time cross-border fund transfers

February 27, 2023
edit post
E-wallet Vietnam
FinTech

Vietnam’s e-wallet market to reach 50m users by 2024, experts say

February 27, 2023
edit post
BillEase
FinTech

BillEase partners with HitPay for card-free BNPL in the Philippines

February 27, 2023
Next Post
edit post
BEYOND EXPO 2023

Asia’s premier tech event Beyond Expo 2023 returns to real-world event in Macao to showcase cutting-edge technology

No Result
View All Result

Follow Us

FREE NEWSLETTER




Copyright © 2023 AsiaTechDaily.com| About Us | Seed accelerator| Terms of Use| Privacy Policy| Cookie Policy Contact : [email protected] | DMCA.com Protection Status | trusted by Wimgo

No Result
View All Result
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Ecosystem
    • Marketplaces & E-commerce
    • Robotics
    • Investments
    • Featured
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Startup Investing
    • Fundraising
    • Product Launching
  • MORE
    • Events
    • Startups Advice
  • Submit an Article
  • Forums
  • Jobs
  • REGISTER
  • Login

Copyright © 2023 AsiaTechDaily.com| About Us | Seed accelerator| Terms of Use| Privacy Policy| Cookie Policy Contact : [email protected] | DMCA.com Protection Status | trusted by Wimgo

We hope you enjoy our content, May you please give us Feedback regarding our website!

Single Post Feedback