Airwallex launched online card acquiring service in Hong Kong, China

In recent years, with the rapid rise of e-commerce industry, as one of the international financial and trade centers in Asia, Hong Kong’s payment industry is also growing rapidly. E-commerce sales in Hong Kong are expected to grow by 11.1% in 2021 and will continue to grow strongly in the next few years. At the same time, the wide demand of businesses for safer, more efficient and more customized payment methods will further stimulate the large-scale growth of the payment market. In addition, the development of Guangdong, Hong Kong and Macao will also provide unlimited opportunities for the growth of cross-border payment.

As the principal member of visa and MasterCard, airwallex’s online card acquiring service supports Hong Kong merchants to receive visa and MasterCard online card payments from buyers around the world, so as to optimize the capital flow. Visa and MasterCard global payment networks support more than 120 transaction currencies, and support multiple currencies to settle to airwallex account without additional cost. In addition, Hong Kong merchants only need to pay a very low and transparent rate to exchange settlement funds on the basis of the preferential mid market rate and settle the foreign exchange to the local market, so as to achieve the purpose of quick return of funds at low cost. This service provides a more simple, efficient, low-cost and transparent solution for global online collection of airwallex cloud merchants.


Following the launch of the online card acquiring service in the UK and European markets in September 2020, airwallex introduced the service into the Hong Kong market of China, making a further step towards the establishment of its exclusive global payment platform based on cloud technology, which is another milestone of airwallex’s vision of “creating a global financial cloud service and enabling enterprises to operate conveniently all over the world”. Now, airwallex can provide end-to-end convenient services for Hong Kong merchants, support small and medium-sized enterprise customers to accept online payment from global buyers, low-cost collection through virtual bank account, convenient exchange and other services, and provide value-added services such as card issuing and expense management. At the same time, it can also customize API solutions for large enterprises and institutions.

Wu Kai, CEO of airwallex Greater China region, said: “in the context of the vigorous development of various technology and product innovation, the digital process of all aspects of enterprise operation is changing with each passing day, and the requirements of enterprises for high-efficiency and low-cost solutions are also rising. Our global online card acquiring service is just at the right time. It strongly supports Hong Kong merchants to accept visa and MasterCard online payments from global buyers, enjoy extremely favorable rates and exchange rates, and integrate online collection, exchange and payment services with a one-stop platform. As a result, airwallex provides a high-quality and economic solution for all kinds of enterprises, especially high-tech companies and cross-border e-commerce platforms. ”

Founded in 2015, airwallex has 12 offices and more than 650 employees worldwide. In March this year, airwallex announced that its cumulative financing scale had exceeded US $500 million, with a valuation of US $2.6 billion.

Post time: May-22-2021