Airwallex has launched its global payments service in Canada, enabling businesses in the country to access some of its key offerings and building on its growth in the Americas.
Local currency accounts in more than 12 currencies, a multi-currency wallet in 44 currencies and payouts to 150 countries through Airwallex’s proprietary local payment network will initially be available to Canadian businesses.
The full suite of Airwallex’s global products, including multi-currency cards, spend management and online payments, will be “progressively rolled out in the market”.
Ravi Adusumilli, general manager of Americas at Airwallex, said that, to thrive in the global economy, “businesses must be able to scale without borders, move money across currencies with ease and manage their finances across markets with a single integrated platform”.
“Airwallex is excited to support the ambitious Canadian businesses who wish to grow internationally, quickly and economically, as well as international businesses who have operations in Canada,” he added.
Airwallex already supports a number of Canadian businesses across ecommerce, professional services and technology sectors, with these customers using the centralized Airwallex platform for collections, payouts and streamlining multi-currency management.
“With the launch of global payments services in Canada, Airwallex will be able to empower local businesses even more, to stay competitive, grow their customer base and expand to new markets,” Adusumilli added.
Last month, Airwallex secured an online payment license in China, adding to its existing licenses in markets including Australia and New Zealand, the UK and the European single market, Hong Kong, Malaysia, Singapore and the US.