Airwallex set to acquire Vietnam's CTIN Pay

The acquisition expands Airwallex ’s existing licences across major Asia-Pacific markets, including Australia, Singapore, Hong Kong, Malaysia, New Zealand, mainland China, and Japan. This move deepens the global reach of Airwallex's financial infrastructure, aiding Vietnamese merchants in their overseas expansion, and facilitating international businesses to enter the Vietnamese market.

Vietnam's economy, with its strong growth and rapid digital transformation, is well positioned as a strategic growth market for Airwallex in the region. By expanding its financial infrastructure across Southeast Asia, Airwallex will support businesses in Vietnam, enabling them to scale internationally with greater ease.

Arnold Chan, general manager of Asia-Pacific at Airwallex, said, “Airwallex's entry into Vietnam is a key step in our strategy to build a truly global financial platform. The fast-growing economy and dynamic business landscape in Vietnam offer immense opportunities. By addressing financial challenges in these markets, we empower local businesses to expand beyond borders. We're particularly excited about our progress and continued expansion in Asia-Pacific, the region where Airwallex was born.”

Ershad Ahamed, head of Southeast Asia at Airwallex, added, “Airwallex's mission to empower businesses with seamless financial solutions resonates deeply with me. Southeast Asia is a dynamic and diverse market, and I look forward to driving Airwallex's growth in the region. What excites me most is enabling businesses here to unlock international growth opportunities with confidence by harnessing our robust financial infrastructure.”

Airwallex is strategically acquiring companies to strengthen its global presence and build a robust financial foundation for businesses worldwide. The acquisition in Vietnam follows the completion of Airwallex's purchase of MexPago, a Mexico-based payment service provider with an Institution of Electronic Payment Funds licence.

Founded in Melbourne in 2015 and now headquartered in Singapore, Airwallex has achieved significant growth across the Asia-Pacific region in recent years, and last week announced its official launch in New Zealand. Globally, Airwallex has exceeded $600 million in annual revenue and $130 billion in annual transaction volume – a testament to the growing demand for its cross-border payment solutions and global financial infrastructure.

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