May 2024 Summaries

Airwallex has introduced a range of business-account, payments, and card-management enhancements aimed at simplifying global financial operations. Its QuickBooks Online Bank Feeds integration now supports global transaction syncing across currencies, automating imports, categorization, and reconciliation alongside existing Expenses and Bills integrations. Customers in Denmark, Hong Kong, and Singapore can receive multiple currencies through a single Global Account, while US updates provide more frequent USD account settlements, ACH Direct Debit authorization, and recipient-facing business names for local payments. New Canadian Interac e-Transfers and bill payments, as well as same-day Swiss SIC transfers, expand local payout options. Hong Kong customers receive dedicated funding accounts and bank-link verification, while cancelled transfers now offer selectable refund currencies, automatic refunds, and clearer FX gain or loss reporting. Airwallex also enables web-app activation of Klarna, including dispute management and Shopify currency switching, and allows card administrators to freeze, unfreeze, or cancel multiple cards in bulk.