Airwallex Launches On-line Card Funds Resolution in Hong Kong

Airwallex, a digital funds fintech, introduced on Thursday the launch of its on-line card fee acceptance answer in Hong Kong. In line with Airwallex, the answer will permit native retailers to simply accept on-line card funds made all over the world utilizing Visa and Mastercard.

In line with Airwallex, c-commerce gross sales in Hong Kong are forecasted to register a progress of 11.1% this 12 months and are anticipated to proceed with this uptrend past the pandemic, pushed by growing demand for fee choices that may present improved safety, higher effectivity, and extra custom-made options.

“Airwallex’s on-line card funds answer allows Hong Kong retailers to obtain on-line funds from customers of Visa and Mastercard in all places, and permits for them to optimise working capital move.”

Talking in regards to the answer launch, Kai Wu, Better China CEO of Airwallex, acknowledged:

“Our new on-line card funds answer means retailers in Hong Kong can now settle for funds on-line by way of Visa and Mastercard, get pleasure from favorable foreign money trade charges and make payouts seamlessly via a single platform. This makes Airwallex a really viable answer for companies and particularly the numerous tech startups and e-commerce retailers that function in Hong Kong, Asia and all over the world.”

As beforehand reported, Airwallex was based in 2015 and is described as a overseas trade market that makes and crosses border funds on Asia-Pacific markets. The corporate facilitates worldwide cash transfers via a mixture of fee assortment, overseas trade, and native fee distribution. The corporate not too long ago secured $160 million via its Collection D funding spherical from numerous buyers, corresponding to ANZi Ventures, Salesforce Ventures, DST World, Tencent, Sequoia Capital China, Hillhouse Capital, and Horizons Ventures. The newest funding brings Airwallex’s whole fairness raised to $360 million.