Airwallex has an expanding ecosystem of customers and partners that allows it to facilitate the global expansion of other businesses.
Brex is reportedly the fully unified global spend platform that extends its services to customers across the world. The company’ s products and solutions include corporate cards, expense management, reimbursements, bill pay, and travel.
Following this joint venture with Airwallex, the platform will leverage Airwallex’s suite of solutions, such as its local currency collections for its global corporate card and its global employee expense reimbursements.
What is more, Brex is also harnessing Airwallex’s substantial network of more than 50 international licences in a bid to further facilitate its global market penetration.
As per the official statement, Brex outlined its previous efforts that consisted in devoting time and a financial outlay to construct the financial infrastructure supporting its worldwide money transfer solution. Moreover, the unified global spending platform's collaboration with Airwallex represented a strategic point in the process and was informed by Airwallex’s financial infrastructure in multiple markets and its developer-friendly platform.
In 2023, the platform announced its collaboration with numerous companies, including TrueLayer, MODIFI, and Expedia.
In addition to this, also in 2023, it was reported that the global financial platform launched a Payments Platform Programme in an effort to expand its global presence. Among its collaborators in the initiative were companies such as Stripe, Nuvei, Airwallex, and Thunes. The joint venture reportedly aimed to connect multiple companies across the payment ecosystem to enhance the banking payment process for international merchants and traders.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now