Airwallex, a global enabler of business banking products, has recently announced that it acquired majority ownership of PT Skye Sab Indonesia, a PJP (Penyedia Jasa Pembayaran) Category 1 license holder. The acquisition allows Indonesian merchants aiming to expand overseas “to tap into Airwallex’s financial infrastructure.”
This provides them an avenue for growth and to manage finances for expansion, while “facilitating international businesses’ entry into Indonesia.”
It also expands Airwallex’s already existing presence across Asia-Pacific (APAC) markets, including Australia, China, Hong Kong, Japan, Malaysia, New Zealand, South Korea, Singapore, and Vietnam.
The update follows Airwallex’s $330 million Series G fundraise at an $8 billion valuation, representing “a ~30% increase from its previous round.”
The investment will support the company’s growth in key markets, including Indonesia, as Airwallex “strengthens its financial infrastructure.”
This now includes AI agents that streamline financial workflows and enhance the “efficiency of cross-border operations.”
Indonesia’s economy and digital ecosystem “represent a growth opportunity for Airwallex, as the country advances towards its 2045 Digital Vision.”
This agenda aims to transform Indonesia into “a digital leader by driving innovation, strengthening its economy and institutions, and improving access to services.”
Airwallex will now aim to enable Indonesian businesses to “navigate this transformation by providing access to its financial infrastructure across Southeast Asia, enabling them to go global with greater ease and efficiency.”
With SMEs forming the backbone of Indonesia’s economy, the demand for cost-effective cross-border payment solutions is significant.
Fintech platform Airwallex’s infrastructure, combined “with PT Skye Sab Indonesia’s local payment capabilities, will allow Indonesian businesses to expand with confidence.”
Having a presence in Indonesia builds on the growth momentum that Airwallex has achieved “across Southeast Asia and globally in recent years. In the region, the company reported a 108% YoY increase in revenue and a 94% year-on-year growth in transaction volume for Q3 2025.”
Internationally, Airwallex exceeded “$1 billion in annualised revenue and $235 billion in annualised transaction volume.”
As noted in the update, Airwallex is a global financial platform for businesses.
They are building the future of global banking for a more “borderless, real-time, intelligent economy.”
Companies worldwide – from startups to public enterprises – reportedly use Airwallex to “manage their banking and financial operations, or to build and monetise their financial products using Airwallex infrastructure. ”
Founded in Melbourne back in 2015, Airwallex holds “80 licenses across North America, Europe, the Middle East, and Asia-Pacific.”
This regulated backbone enables Airwallex products at scale, including the following: payment acceptance, “billing, global accounts, corporate cards, and spend management.”
The Fintech company notes that it is currently co-headquartered “in San Francisco and Singapore with over 2,000 employees across 26 offices.”