Airwallex launches solution for business expense management

Thursday 7 April 2022 13:35 CET | News

Australia-based fintech Airwallex has rolled out its Expenses platform, providing a solution for businesses to manage their expenses.

With workforces increasingly distributed and remote, expense management has evolved into an administrative burden for businesses operating globally. Airwallex solves the problem through automating parts of the expense process that are traditionally time consuming and manual, according to the press release.

Together with Airwallex's virtual and physical multi-currency cards, for corporates and employees, the new offering streamlines the expenses process through offering a single integrated platform to manage spending. Businesses will be able to seamlessly upload receipts for approval, reconcile expenses and gain real-time visibility over card transactions. 

This includes the ability to upload and track receipts, allowing businesses full visibility over purchases, with all the details in one place, assign expenses to the right accounting categories, and reconcile and close the books faster.

The Expenses solution works alongside Airwallex Borderless cards, which can be used for corporate or employee expenses in more than 140 currencies globally where Visa is accepted. Expenses will be available in all markets where Airwallex Borderless cards are currently available, including in Australia, UK, Hong Kong SAR, the US, and subsequently, in Singapore and Europe later in 2022.

More: Link

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: Airwallex, product launch, spend management, Visa, virtual card
Categories: Banking & Fintech
Companies: Airwallex
Countries: World
This article is part of category

Banking & Fintech


Discover all the Company news on Airwallex and other articles related to Airwallex in The Paypers News, Reports, and insights on the payments and fintech industry:

Industry Events