HK Fintech Unicorn Airwallex Secures License for Cross Border Payments in Malaysia
Airwallex, a cross border payments company, announced that it has secured a money services business (MSB) license issued by Bank Negara Malaysia.
They said, the new license will allow Airwallex to offer modern, streamlined and integrated international payment solutions for Malaysian businesses of all sizes, from SMEs to larger enterprises, to efficiently manage their operations in Malaysia from early next year.
Airwallex said in a statement that businesses in Malaysia will have access to fast, transparent and cost-effective international payments in multiple currencies, enabling them to operate and grow globally.
Through the Airwallex platform, they will have the ability to collect funds from customers across the globe in different currencies, convert and pay out into preferred currencies.
Airwallex has sets its sights on growing its presence in So