Global payments platform Airwallex reported strong growth across the APAC region, with Q3 revenue up 83% year over year and transaction volume up 49%.
Globally, the company grew revenue by 73% and volume by 60% over the same period.
Airwallex attributes this growth to the introduction of products and initiatives such as the Airwallex for Startups program, Airwallex Yield, and Airwallex Spend.
of Airwallex for Startups Programlaunched in Hong Kong in 2023 and expanded to Australia, Singapore and New Zealand in 2024, and has attracted more than 2,000 participants to date.
Airwallex Yield, which allows businesses to earn interest on Australian and US dollar funds, has seen increased adoption following regulatory approval in 2016. Australia And Hong Kong.
Airwallex Spend, a spend management suite, is adopted by businesses around the world seeking a more streamlined financial solution.
In addition to these developments, recently Airwallex exceeded Achieved annual transaction volume of USD 100 billion and annual revenue run rate of USD 500 million.
The company also introduced Impact of Air Wallexis a social responsibility initiative that commits 1% of its stock, time, products and profits to supporting economic development around the world.
Airwallex continues to expand into new markets, with plans to launch in Malaysia and South Korea.
We currently have operations in Australia, Singapore, Hong Kong, Malaysia, New Zealand and mainland China, with more than 1,600 employees in 23 offices worldwide.
Airwallex APAC General Manager Arnold Chan said:
“The APAC region continues to be integral to Airwallex’s success story and is the proud starting point for many of our market-leading products and programs, most recently Airwallex for Startups and Airwallex Yield.
We will continue to focus on supporting e-commerce, travel, trade business and fintech startups as they expand into international markets. ”
Featured image credit: Edited from freepic
