Remittance

Airwallex Granted E-Money License to Expand Footprint to the Netherlands

Airwallex announced that it has secured its Electronic Money Institution (EMI) license from the Dutch Central Bank (DNB) on 30 April 2021 which gives it access to the European single market. This latest approval adds to Airwallex’s existing licenses in

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Wise Enables Funds Transfer via Faster Payments System Using Mobile Numbers

Remittance firm Wise, formerly known as TransferWise, has rolled out the feature enabling Hong Kongers to receive funds from abroad with just their mobile number via the Faster Payments System (FPS). With this latest feature, recipients can share their name

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Airwallex Now Valued at Over US$2 Billion with Latest US$ 100 Million Funding Round

Continuing the momentum of its hypergrowth in 2020, Airwallex today announced that the company’s valuation has increased to US$2.6 billion with a capital raising of US$100 million in a further Series D extension. Lifting Airwallex’s Series D funding to US$300

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Payoneer vs Wise – Which International Payment Solution Is For You?

If you are selling internationally then you need a method of accepting and making payments that works and doesn’t cost the earth. There are so many difficulties in accepting cross-border payments that getting it right is super-important. Having an efficient

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Airwallex Completes Acquisition of SVF Operator Unicard

Airwallex, a cross border payment company, announced that it has completed the acquisition of UniCard Solution Limited following the regulatory approvals from the Hong Kong Monetary Authority (HKMA) to become a shareholder controller. Airwallex said that through its wholly owned

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EMQ Expands Cross Border Payments Service to South Korea

EMQ, a Hong Kong-based financial settlement network, announced that it has expanded its operations into the South Korean market, offering cross-border payment capabilities worldwide. “South Korea has one of the most vibrant digital economies in the world with its retail

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Hong Kong’s EMQ Increases Remittance Transaction Value in Japan

EMQ, Hong Kong-based financial settlement network, announced the launch of its high transaction value cross-border settlements in Japan. This launch will enable global businesses to send a maximum of JPY30 million directly into local banks. This enhancement further expands their

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Airwallex’s Closes US$ 200 Million Fundraising Round for Global Expansion

Airwallex, a cross border payment company, announced that the company has closed its extended Series D fundraising with an additional US$40 million from new and existing investors. This builds on the Hong Kong-based fintech unicorn’s US$160 milion Series D round

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EMQ Raises US$20M in Series B Funding Round

EMQ, Hong Kong-based financial settlement network, announced the issuance of US$20 million Series B preferred shares led by WI Harper Group. New and existing investors participated in the funding round including Abu Dhabi Capital, AppWorks, DG Ventures, Hard Yaka, Intudo

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Airwallex Partners Deutsche Bank for API-Enabled Forex Services

Deutsche Bank announced that it will enable fintech unicorn Airwallex to provide virtual account collections and API-enabled foreign exchange services in Japan and Hong Kong respectively. Already live in Japan, the solution will further allow Airwallex to process and convert

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