Airwallex launches in payments platform in New Zealand

Rick Steves

The payments platform has previously expanded into Singapore and Malaysia earlier this year as the firm strengthens its footprint in the APAC region. Airwallex is also present in Hong Kong. 

Australia-headquartered Airwallex has launched its global payment services in New Zealand as the fintech firm brings its “faster, more cost-effective and transparent alternative to traditional banks” to a new market.

The NZ expansion is also an opportunity for Airwallex customers to open a Global Account in New Zealand Dollars (NZD) in seconds. This should help businesses with operations in Australia and New Zealand to easily collect payments from their customers, pay their suppliers and staff in both countries, as well as convert NZD to AUD (and vice versa) at competitive rates.

Airwallex will start its NZ operation by offering international collections, multi-currency wallets in over 11 currencies, and local payouts in over 30 currencies.

The full product, which includes multi-currency company and employee cards, spend management and online payment acceptance capabilities, will be progressively rolled out in the market.

Airwallex is a fully registered Financial Service Provider with the Financial Service Providers Register in New Zealand.

Airwallex empowers Kiwi businesses to expand

Sam Kothari, Airwallex’s Head of Growth for ANZ, said: “We are so pleased to be extending our services to New Zealand, a natural next step after establishing a strong presence in our home market of Australia. We see today’s launch as a huge opportunity for Kiwi businesses to broaden their reach into international markets.

“Our entry into the New Zealand market is something our customers have been requesting for some time; businesses tell us they have been deterred from reaching their full potential in this market due to the complexity of making international payments or trading across borders. By providing local businesses with a single global financial platform, we aim to empower them to scale successfully, which is especially critical in this current economic environment”, Sam Kothari continued.

“Many of our Australian customers have expanded to New Zealand. Ensuring that these Australian businesses now have an efficient and cost-effective way to streamline their financial operations between the two countries can help them with their growth plans in the ANZ region.”

Airwallex was founded in 2015 in Melbourne, Australia, and is currently operating across Asia-Pacific, Europe and North America, with over 1,200 employees in 19 major locations.

The payments platform has previously expanded into Singapore and Malaysia earlier this year as the firm strengthens its footprint in the APAC region. Airwallex is also present in Hong Kong.

Read this next

Metaverse Gaming NFT

LongHash launches $100 million fund focused on DeFi, NFT, GameFi, Metaverse

LongHash Ventures has backed more than 60 projects, including Polkadot, Astar, Dodo, Coinshift, Acala, Zapper, Gnosis Safe, and Balancer.

Digital Assets

Midas launches investment strategies for the ‘crypto winter’

According to Iakov Levin, the platform’s CEO and founder, Midas will roll out more strategies in the upcoming months to achieve higher flexibility and further expand the investor toolkit.

Digital Assets Wallet adds several ERC-20 tokens

The product expansion includes representatives of the DeFi world, the Metaverse, and the largest stablecoins.

Market News

Savvy Investors to Profit Whether the Stock Market Rebounds or Not

Equities have gone up enormously since the low. SP500 has gained 13.88% since June 17. In August, the indices drifted sideways. On Wall Street, veteran investors expect a move in either direction.

Industry News

Wall Street-backed MEMX obtains SEC approval for options trading platform

The company has raised more than $135 million in funding from 18 stock trading and investing heavyweights, including BlackRock, Citadel Securities, and Morgan Stanley.

Industry News

Amundi US launches ESG strategy that seeks to outperform S&P 500

Amundi’s Responsible investing team includes more than 45 specialists, and its ESG analysis covers more than 13,500 issuers across debt and equity.

Industry News

Verto launches embedded FX payments solution

The Verto API automates currency conversions, tracks payments and exchange rates in real-time, and is being launched in the follow-up of a $10 million in Series A funding last year.

Industry News

SEC awards over $16m to whistleblowers after another successful enforcement action

The program is 10 years-old and has arguably played a critical role in the Division of Enforcement’s ability to effectively detect wrongdoing, protect investors and the marketplace, and bring violators to justice.

Digital Assets

Ripple submits most succint explanation of Hinman issue in XRP lawsuit

It might be useful to get up to date as this could be the end of the road for the SEC.