Currently, the transaction is subject to regulatory approvals and customary closing conditions. Through this acquisition, Airwallex can expand its financial infrastructure into Latin America and advance its mission to enable and support businesses to grow and operate across borders.
According to officials, by combining MexPago’s payment capabilities in Mexico with Airwallex’s global financial infrastructure, the company aims to unlock additional opportunities for enterprises in the region to operate worldwide, as well as to allow companies around the world to enter the Mexican market. Moreover, Airwallex’s data shows that the company saw more than 460% YOY revenue growth in Latin America, highlighting the demand for end-to-end fintech solutions that enable organisations to operate at a global scale. With this acquisition, Airwallex works toward achieving its objective of becoming a payments and financial platform that enables businesses to expand their operations globally. Headquartered in Singapore, the company has 20 offices around the world that employ 1,400 individuals, with plans to grow its team and footprint over the next year.
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