Airwallex, a global payments platform, has reported significant growth across the APAC region, with an 83% year-on-year revenue increase and a 49% rise in transaction volume in the third quarter.
Globally, the company achieved a 73% rise in revenue and a 60% increase in transaction volume over the same period.
Airwallex attributes this growth to the introduction of products and initiatives such as the Airwallex for Startups programme, Airwallex Yield, and Airwallex Spend.
The Airwallex for Startups programme, launched in Hong Kong in 2023 and expanded to Australia, Singapore, and New Zealand in 2024, has attracted over 2,000 participants to date.
Airwallex Yield, which enables businesses to earn interest on AUD and USD funds, has seen increased adoption following regulatory approval in Australia and Hong Kong.
Airwallex Spend, a spend management suite, has been adopted by businesses globally seeking more streamlined financial solutions.
In addition to these developments, Airwallex recently surpassed US$100 billion in annualised transaction volume and achieved a US$500 million annualised revenue run rate.
The company also introduced Airwallex Impact, a social responsibility initiative committing 1% of its equity, time, product, and profit to support economic development worldwide.
Airwallex is continuing to expand into new markets, with plans to launch in Malaysia and South Korea.
It currently operates in Australia, Singapore, Hong Kong, Malaysia, New Zealand, and mainland China, with a workforce of over 1,600 employees across 23 offices globally.
Arnold Chan, General Manager, APAC, Airwallex, said,
“The APAC region remains integral to the success story of Airwallex and is a proud launchpad for many of our market-leading products and programs, most recently Airwallex for Startups and Airwallex Yield.
Our focus remains on supporting e-commerce, travel, trading businesses and fintech startups as they navigate international markets.”
Featured image credit: Edited from Freepik
