As part of its latest announcement, Airwallex unveiled two achievements in its global expansion strategy, including the receipt of a payment institution licence from the Banco Central do Brasil, and concluding the acquisition of MexPago, a Mexico-based payment service provider and an Institution of Electronic Payment Funds (IFPE) licence-holder. By having these two licences, Airwallex is set to be able to connect its global financial infrastructure to Latin America’s largest economies, Brazil and Mexico, to support companies in these regions and facilitate international business entry.
Just a few days before this, ClearBank partnered with Airwallex to improve the latter’s offering in the UK by integrating its agency banking solution. Airwallex was set to receive access to virtual business accounts, GBP collections, and Confirmation of Payee (CoP) functionality. Through these additions, the company intended to further optimise its services for its business customers operating in the UK. Another collaboration that happened recently was between Airwallex and Carwow, with the two companies working on simplifying payment processing for enterprise dealer groups purchasing vehicles from private sellers.
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