Airwallex: Secures China Online Payment License
- Airwallex is a global payments and financial platform for modern businesses
- Secured a payment business license in China, following the successful acquisition of a 100% stake
- Shang Wu Tong Network Technology has a license for online payment services
- The acquisition received approval and endorsement from all relevant China regulatory authorities
- This latest approval adds to existing licenses across major markets around the world, including Australia
- With this license, it is now a third-party payment provider in China and has greater access to the local market
