Cross border payments firm Airwallex is now a fully registered Financial Service Provider with the Financial Service Providers Register in New Zealand and has launched its global payment services in the country.

Businesses in New Zealand now have access to key Airwallex offerings including international collections, multi-currency wallets in over 11 currencies, and local payouts in over 30 currencies.

The full suite of Airwallex’s global products, including multi-currency company and employee cards, spend management and its online payment acceptance capabilities will be progressively rolled out in the market.

Airwallex said that its customers now also have the ability to easily open a Global Account in New Zealand Dollars (NZD) in seconds.

With this increased capability, businesses with operations in Australia and New Zealand can easily collect payments from their customers, pay their suppliers and staff in both countries, as well as convert NZD to AUD (and vice versa) at market-leading rates.

Airwallex is operating across Asia Pacific, Europe and North America today with over 1,200 employees in 19 major locations globally.

The launch in New Zealand further strengthens Airwallex’s footprint in the APAC region, having announced an expansion into Singapore and Malaysia early this year, in addition to its presence in Hong Kong.

Sam Kothari, Head of Growth for ANZ at Airwallex said,

“Our entry into the New Zealand market is something our customers have been requesting for some time; businesses tell us they have been deterred from reaching their full potential in this market due to the complexity of making international payments or trading across borders.

 

By providing local businesses with a single global financial platform, we aim to empower them to scale successfully, which is especially critical in this current economic environment.”