The launch will spur corporate development in the Asia-Pacific area.
Airwallex customers may now create a worldwide account in New Zealand Dollars.
Airwallex, a financial services company, declared the debut of its worldwide payment services in New Zealand yesterday. According to the company's information, the launch would benefit companies in the area by providing more payment choices.
Companies operating in Australia and New Zealand will be able to collect payments from their consumers using Airwallex, according to the company. Founded in Australia in 2015, Airwallex is a fully-licensed financial service firm in New Zealand.
According to Sam Kothari, Head of Growth for ANZ at Airwallex, a single global financial platform is required for firms in the area to sustainably develop their operations.
It's a natural next step for us to extend our services to New Zealand, where we've already established a strong foothold in Australia.“ Today's launch represents a big opportunity for New Zealand businesses to broaden their global footprint. According to Kothari, ”Our clients have been requesting our arrival into New Zealand for some time; companies tell us they have been inhibited from realizing their full potential owing to the complexities of processing international payments or dealing across borders.
Airwallex is one of the world's most valued fintech businesses. The business raised $160 million in its Series D fundraising round in 2020.
Australia and New Zealand have among the world's most developed economies. In recent years, the ANZ area has seen a substantial surge in the use of digital payment technologies.
“Many of our Australian clients have extended their operations to New Zealand.” “Ensuring that these Australian firms now have an efficient and cost-effective solution to consolidate their financial processes across the two nations may assist them with their ANZ expansion goals,” Kothari said.
Forex traders all around the world who have invested in New Zealand-based forex brokers may now utilize Airwallex for their trading operations, according to this article.
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