Airwallex, an Australia-based fintech company, announced on Thursday it has teamed up with Visa to launch the Airwallex Borderless Card for business. According to Airwallex, the new card will enable Airwallex account holders to pay suppliers in seconds and “empower” their teams to make corporate purchase decisions.
“The Airwallex Borderless Card will be rolled out in two key phases. From today, Airwallex customers in Australia will be able to instantly generate and issue multi-currency virtual payment cards to pay suppliers in seconds. With the ability to make payments to merchants globally where Visa is accepted, the new card will provide greater efficiencies and improved financial oversight for business operators. Both single use or multi-use cards are available with individual transaction limits across currency and merchant types, providing total control and visibility over payments.”
Speaking about the partnership, Jack Zhang, CEO and Co-founder of Airwallex, stated:
“Airwallex’s goal has always been to set up a global financial infrastructure that helps businesses to grow and scale. In the last few years, we have cemented a growing reputation as one of the world’s leading cross-border payments providers. This partnership with Visa takes us to a new level, where we can now offer businesses an end-to-end financial services solution. We have evolved to become a business account that will support the financial needs of today’s modern business.”
The Airwallex Borderless Card is debuting in Australia and will become available in other markets around the world, including the UK and Hong Kong, later this year.