New at Airwallex: July Edition

Airwallex announced product updates aimed at improving capital management, regional account access, spend controls, payments, and platform integrations. Select Singapore businesses can now use Airwallex Yield to invest surplus SGD and USD funds in money market funds with indicative returns of up to 1.39% and 3.81%, respectively, while customers worldwide can open Philippines PHP Global Accounts to receive local transfers through InstaPay and PESONet. Other updates include simplified transfers for businesses with non-English names, consolidated onboarding for multiple entities, and Purchase Orders within Airwallex Spend, which adds approval workflows, configurable controls, AI line-item matching, and Bill Pay integration. Expense management improvements include AI receipt-to-transaction matching and default real-time card delivery tracking, while payments updates add a Shopify fraud prevention app and new Blocked and Incomplete payment-status labels. For partners and embedded-finance users, new webhooks notify them of OAuth disconnections and approaching card spend limits.

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