Airwallex to introduce virtual payment card for Hong Kong businesses

Thursday 10 June 2021 13:13 CET | News

Australia-based fintech unicorn Airwallex has teamed with Visa to offer a virtual card for businesses in Hong Kong.

The card will allow customers in Hong Kong to generate single-use and multi-use cards for online payments to vendors and other merchants in more than 140 currencies where Visa is accepted. It is not a traditional credit card, but instead linked to a business’s Airwallex account.

The virtual card uses can range from companies seeking to make a one-time payment to a single vendor, to recurring payments for web services, online advertising or other subscription-based services, he added. The Airwallex offering is the latest business-to-business (B2B) product introduced under a strategic partnership reached last year between the fintech and global payments technology company Visa.

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Keywords: partnership, virtual card, corporate card, online payments
Categories: Payments & Commerce | Cards
Countries: Hong Kong
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