Mission Update

Airwallex reports continued expansion of its global financial infrastructure in 2023, citing nearly US$50 billion in annualized transaction volume last year and strong first-quarter growth in collections, payouts, payment processing, and card activity compared with Q1 2022. The company expanded its borderless collections, local payouts, payment acceptance, local payment methods, and card-issuing coverage across dozens of countries and currencies, while planning further growth in Canada, Brazil, Mexico, and the Middle East. It also emphasized infrastructure performance, reporting a 99% payout success rate, a 4.2-hour average payout time, improved fraud and chargeback management, an in-house issuing processor rollout in Australia, and 24/7 operational support from 13 global locations. Product updates included treasury, spend management, expense categorization, approval workflows, Xero invoice payments, and Airwallex Pay beta features for Business Account users, alongside embedded payment, treasury, banking-as-a-service, API reporting, and cross-border onboarding enhancements for platform customers.

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