May 2022 Summaries

Airwallex’s May release introduces Canadian dollar global accounts for collecting and paying funds in Canada, a NetSuite bank-feed integration for automatic transaction reconciliation, and Xero invoice payment links supporting payments in multiple currencies. The company also launched a Zapier integration that connects Airwallex Business Accounts with thousands of applications to automate workflows such as contact transfers, cardholder creation, spending alerts, and low-balance notifications. Singapore customers can now access Borderless Cards offering unlimited 1% cashback and multi-currency spending, while account grouping enables eligible users to view balances and transactions across multiple same-region business accounts in one dashboard. Additional updates improve expense management through PDF receipt previews, user expense lookup, and daily receipt reminders, add mobile card and expense notifications, support BPAY verification for Australian payouts, and introduce Google Pay for Online Payments. Planned releases include QuickBooks integration, New Zealand dollar collections, and NetSuite Bill Pay for Australian and Hong Kong customers.

Amazon’s Buy With Prime service aims to let merchants offer Prime-style checkout, payment processing, free shipping and returns through their own websites while using Amazon’s Fulfillment by Amazon network for inventory, packing, delivery, customer service and returns. Initially available to US-based Amazon FBA sellers before a broader rollout, the offering could strengthen Amazon’s e-commerce ecosystem and raise consumer expectations for fast, low-cost delivery, while competing indirectly with Shopify’s Shop Pay, Shopify Shipping and expanding logistics operations. Merchants may benefit from Amazon’s established fulfillment infrastructure, simplified checkout and access to Prime member benefits without selling directly on Amazon’s marketplace, allowing them to retain their branded storefronts and some customer relationships. However, businesses must weigh concerns about Amazon’s access to sales and customer data, reduced control over checkout, delivery and unboxing experiences, possible pressure toward lower-margin sales, and the inventory-management challenges of allocating stock to Amazon warehouses amid supply-chain disruptions.