International fintech Airwallex introduced the launch of its Airwallex Borderless Card for its Singaporean prospects immediately.
The Airwallex Borderless Card is a digital multi-currency Visa enterprise debit card that permits companies to simply make on-line card funds wherever that Visa is accepted, from Singapore, to the remainder of the world.
Singapore-based corporations can now immediately generate and subject digital multi-currency enterprise debit playing cards to promptly pay third events, resembling distributors and different on-line retailers, with Airwallex’s international trade charges, wherever Visa playing cards are accepted.
These digital playing cards will allow Singapore companies to transact in additional than 140 currencies and broaden into new markets.
Over the approaching months, Airwallex plans on increasing its card performance, together with enabling bodily playing cards for enterprise house owners and for his or her staff’ work bills, and digital pockets integration.
Along with the Borderless Card, Airwallex can be launching its bills answer.
Singapore companies will be capable of streamline their expense processes with a single built-in platform to handle spending, seamlessly add receipts for approval, reconcile bills, and acquire real-time visibility over card transactions.
Airwallex was granted a Main Fee Establishment License by the Financial Authority of Singapore (MAS) below the Fee Companies Act on the Singapore Fintech Competition in November final 12 months.
The corporate then formally launched its companies in January.
“Immediately’s digital playing cards and bills launch is one other vital step in direction of a full rollout of our world funds choices in Singapore.
We attempt to turn into an integral one-stop store for any Singapore enterprise requiring assist with enterprise funds throughout your entire transaction lifecycle, and by doing so, empower them to handle and develop each their native and world operations exponentially,”
mentioned Arnold Chan, Airwallex’s Head of Development for Singapore.
“With Singapore being a world hub for commerce and our SMEs trying to transact with counterparties globally, it’s essential to empower them with handy and seamless cross-border fee options.
We’re happy to companion with Airwallex to introduce digital playing cards with multicurrency capabilities in Singapore and assist companies make cross-border funds and revel in aggressive international trade charges,”
mentioned Kunal Chatterjee, Nation Supervisor for Singapore and Brunei at Visa.