Airwallex Launches Virtual Business Cards and Expense Cards in Singapore

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Global fintech Airwallex launched its Airwallex Borderless card and integrated spend management solution in Singapore.

Available to all Airwallex customers in Singapore, the Airwallex Borderless Card is a virtual multi-currency Visa business debit card that allows businesses to easily make online card payments anywhere Visa is accepted. Singapore-based businesses can now generate and issue virtual multi-currency business debit cards to pay third parties, such as vendors and other online merchants, with Airwallex’s exchange rates, anywhere Visa cards are accepted . These virtual cards will allow businesses in Singapore to transact in more than 140 currencies and expand into new markets.

In addition to the Borderless Card, Airwallex is also launching its Expenses solution in Singapore. Singapore businesses will be able to improve their expense processes with a single integrated platform to manage expenses, upload receipts for approval, reconcile expenses, and gain real-time visibility into card transactions.

Airwallex and Visa first announced their global strategic partnership in February 2020 and have since introduced the Airwallex Borderless Card to businesses in Australia, Hong Kong, UK, Europe and the US.

In the coming months of 2022, Airwallex plans to expand its card functionality, including physical card activation for business owners and for their employees’ work expenses, and digital wallet integration. , empowering them more to make day-to-day business purchasing decisions.

Airwallex was founded in Melbourne in 2015, and since then the company has secured over $800 million in funding and a valuation of $5.5 billion. The Airwallex Group currently serves tens of thousands of customers in all the markets in which it operates, including global brands such as Qantas, Papaya Global and Plum.

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