Cross border payments firm Airwallex announced plans to provide further support for the city’s Small and Medium Enterprises (SMEs) and startup community.
Airwallex will commit an additional HK$2.25 million to the initiative, raising its total commitment to HK$4.5 million this year.
This follows the successful launch of its Hong Kong Small and Medium Enterprises (SMEs) initiative in April this year which saw more than 450 of its SME customers benefit from the initiative.
The newly launched relief measures are available starting today and includes rental support. Compared to other major cities in the Asia-Pacific region, Hong Kong has the highest average rent for prime office space.
As a major fixed cost for SMEs, Airwallex has partnered with office and warehouse space providers and an online rental payment platform to provide assistance and better options for rent payments.
Airwallex will also provide integrated logistics support as SMEs have to contend with major disruptions and inefficient costs due to the pandemic.
Together with international transportation services company FedEx, and Hong Kong’s technology logistics platform GOGOX, Airwallex will provide discounts and cashbacks on various delivery and shipping options.
Additionally, Airwallex will also conduct marketing operations workshops in partnership with Google Ads, FedEx, and GOGOX. Airwallex is continuing to offer webinars and mentorship to SMEs over the course of the next months to upskill businesses looking to grow their business.
“The last few years have tested the resilience, determination, and endurance of businesses in Hong Kong. We are encouraged to see some SMEs on their path to recovery, but recognise many more still face challenges ahead.
This additional rollout of initiatives aims to provide relief in areas where so many SMEs continue to struggle. We hope the additional support we provide will help make a difference for Hong Kong’s SME and startup community.”
said Arnold Chan, General Manager, Hong Kong and Southeast Asia at Airwallex.
