Airwallex is working with Deutsche Bank to enable it to provide services in Japan and Hong Kong.
In Brief:
-
The FinTech unicorn will be able to provide virtual account collections and API-enabled foreign exchange services.
-
Airwallex will be able to process and convert cross-border payments made to merchants in Greater China.
-
Merchants don’t have to open bank accounts in another market to take payments from those consumers.
What does this mean?
Airwallex says many merchants in Greater China and Japan are looking to expand their client base internationally, so the ability to collect payments from across borders digitally will be “a game changer”.
