Global financial platform Airwallex is moving into the billing space with its acquisition of OpenPay, adding subscription management and revenue analytics to its global platform. Financial terms of the deal were not disclosed.
Airwallex’s billing services will be available for both new and existing customers in the fourth quarter of 2025.
The acquisition brings OpenPay’s billing and analytics tools into Airwallex’s global platform, strengthening its position against competitors such as Stripe Billing and Recurly.
OpenPay’s technology includes smart payment routing, AI-driven retention tools, real-time insights and subscription management for tiered, usage-based and flat fee models.
Demand for hybrid and usage-based billing, tied to product consumption rather than fixed pricing, is rising among AI and other consumption-led businesses.
Airwallex said the new features will support multicurrency billing at a time when demand is expected to increase.
The global subscription economy is projected to surpass US$1 trillion by 2030.
“Most billing systems are locked in the past, they were never designed for a global, multi-currency world. That’s the gap we’re closing. By bringing OpenPay’s subscription management, orchestration, and analytics capabilities into Airwallex, we’re creating the first truly global billing platform.
The OpenPay team brings deep technical strength and a shared conviction in our vision, and we’re thrilled to have them on board as we help businesses scale seamlessly across borders.”
said Jack Zhang, Co-founder and CEO of Airwallex.
“We started OpenPay to solve the complexity of recurring revenue management. We envisioned a smarter, more intuitive platform that empowers subscription businesses to scale without barriers.
In Airwallex, we found a partner who shares our vision, our DNA and has the global reach to apply our work at scale. We are very proud of what we’ve built and excited for our next chapter as we partner with Airwallex to set a new standard, creating a paradigm shift in global payments.”
said Lance Co Ting Keh, CEO of OpenPay.
Featured image: Edited by Fintech News Singapore, based on image by yogiermansyah22 via Freepik
