Airwallex Launches New Fee Acceptance Service in Australia, Hong Kong, & Singapore With WeChat Pay

Airwallex, an Australia-based fintech firm, not too long ago introduced it has launched a brand new cost acceptance service in Australia, Hong Kong, and Singapore with WeChat Pay. The corporate reported that the service is permitting retailers so as to add WeChat Pay as a further cost possibility on the e-commerce platform. This service will even present retailers international entry to over 800 million Chinese language shoppers on WeChat Pay, enabling them to faucet right into a key Asian market of lively customers. 

“Airwallex’s WeChat Pay resolution is designed to make sure easy and quick flows of funds from consumers to the retailers. Funds made by the consumers in Chinese language Yuan or Hong Kong Greenback (for Hong Kong customers) are acquired by Airwallex and transformed to the retailers’ forex of alternative inside two enterprise days.”

Airwallex additionally famous that via its platform, retailers could view, monitor, and handle their WeChat Pay transactions, obtain settlement studies, in addition to challenge refunds to ship a seamless buyer expertise. Dave Stein, Airwallex’s Head of Company Improvement in Australia, acknowledged:

“With our new WeChat Pay resolution, we’re enabling retailers to adapt in as we speak’s local weather and in addition serving to them open the doorways to one of many largest and most lively client markets on this world.”

Stein then concluded that by including a cost acceptance resolution to the Airwallex product portfolio is a vital subsequent step to enhancing our end-to-end monetary providers options.

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