Airwallex: Granted Payment Institution License in Singapore
- Airwallex is a global payments platform with a mission to empower businesses of all sizes to grow without borders
- The company has nearly doubled its headcount in 2021 to over 1,000 employees today across 19 locations globally, including Singapore
- Announced at Singapore FinTech Festival that its Singapore entity was granted a Major Payment Institution License by the MAS
- Permitted to provide a suite of payment services including account issuance, domestic money transfer, cross-border money transfer
- It will progressively introduce a suite of product and service offerings that will enable businesses in Singapore to operate
- This includes a modern global business account, multi-currency wallet, company and employee cards
