Airwallex Rolls Out Virtual Business Debit Cards and Expenses Solution in Singapore & More News Here

Global fintech Airwallex introduced the launch of its Airwallex Borderless Card for its Singaporean prospects as we speak.

The Airwallex Borderless Card is a digital multi-currency Visa enterprise debit card that allows companies to simply make on-line card funds wherever that Visa is accepted, from Singapore, to the remainder of the world.

Singapore-based corporations can now immediately generate and challenge digital multi-currency enterprise debit playing cards to promptly pay third events, resembling distributors and different on-line retailers, with Airwallex’s overseas trade charges, wherever Visa playing cards are accepted.

These digital playing cards will allow Singapore companies to transact in greater than 140 currencies and develop into new markets.

Over the approaching months, Airwallex plans on increasing its card performance, together with enabling bodily playing cards for enterprise house owners and for his or her workers’ work bills, and digital pockets integration.

In addition to the Borderless Card, Airwallex can be launching its bills resolution.

Singapore companies will be capable of streamline their expense processes with a single built-in platform to handle spending, seamlessly add receipts for approval, reconcile bills, and acquire real-time visibility over card transactions.

Airwallex was granted a Major Payment Institution License by the Monetary Authority of Singapore (MAS) underneath the Payment Services Act on the Singapore Fintech Festival in November final yr.

The firm then formally launched its companies in January.

“Today’s digital playing cards and bills launch is one other vital step in direction of a full rollout of our world funds choices in Singapore.

 

We try to develop into an integral one-stop store for any Singapore enterprise requiring assist with enterprise funds throughout your complete transaction lifecycle, and by doing so, empower them to handle and develop each their native and world operations exponentially,”

mentioned Arnold Chan, Airwallex’s Head of Growth for Singapore.

“With Singapore being a world hub for commerce and our SMEs trying to transact with counterparties globally, it’s essential to empower them with handy and seamless cross-border fee options.

 

We are happy to associate with Airwallex to introduce digital playing cards with multicurrency capabilities in Singapore and assist companies make cross-border funds and get pleasure from aggressive overseas trade charges,”

mentioned Kunal Chatterjee, Country Manager for Singapore and Brunei at Visa.

 

 

 

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