Airwallex review: products, pricing and markets (2026)

Airwallex is a business finance platform that combines multi-currency accounts, international transfers, online card and wallet acceptance, Visa corporate cards and APIs for platforms that want to embed these services. Its help centre lists licensed or registered entities in about 20 jurisdictions, including an e-money institution in the UK, e-money institutions in the Netherlands and Lithuania, a major payment institution in Singapore and financial services licences in Australia.

Its published plans run from a free tier to paid plans with more cards and integrations, plus custom pricing for software platforms. It is a private company; its website carries a banner citing a US$320m raise but gives no date for it.

At a glance

Products and services

Business account and transfers

Airwallex gives businesses local account details to receive funds in 20+ currencies and lets them pay out in 60+ currencies to 200+ countries, according to its Singapore site (accessed 3 November 2026). It says 93% of its global transfers arrive the same day; the page does not state the period this covers. Accounts link to Xero, QuickBooks, Amazon and Shopify.

Online and in-person payments

The payments product covers a hosted checkout, payment links, plugins for Shopify, WooCommerce and Magento, a full API and POS acceptance. Airwallex says it supports 160+ local payment methods, accepts payments in 130+ currencies from 180+ countries and runs local acquiring in 35+ markets (Singapore site, accessed 3 November 2026). Methods named include Visa, Mastercard, American Express, UnionPay, Apple Pay, Google Pay, Klarna, Alipay, WeChat Pay, GrabPay and FPX. Merchants can settle in the currency the customer paid in. For background on wallets and local methods, see our alternative payment methods explainer.

Spend: cards and expenses

Airwallex issues Visa corporate cards. In Singapore, company cards are virtual only, while employee cards come as virtual or physical and work with Apple Pay and Google Pay. Card spend draws on held currency balances, which avoids conversion where a balance exists. The Singapore page says the banking platform runs in partnership with licensed banks but does not name the card issuer. Our cards hub explains how programme managers and issuers split roles.

Yield

In Singapore, Yield is provided by Airwallex Capital (Singapore) Pte. Ltd. under its capital markets services licence. In Australia, the product disclosure statement for Airwallex Yield is issued by K2 Asset Management Ltd (AFSL 244 393), according to Airwallex's Australian financial services guide (last updated September 2022). Because Yield is provided under capital markets and investment licences, the product documents for your market are the place to read how it works.

Platform APIs

Airwallex sells its accounts, payments, FX and treasury functions to software companies through a platform API with custom pricing.

Fees and pricing

Airwallex publishes prices by country. The figures below are from the Singapore pricing page, in SGD and excluding GST, accessed 3 November 2026. Other countries' pages differ.

The pricing page also quotes indicative net Yield returns by plan, which change with market rates, so we have not reproduced them. It refers readers to a separate fee schedule for full details, which we did not review.

Markets, currencies and payment methods

Regulation in brief

The table comes from Airwallex's help centre article on licensing, accessed 3 November 2026. The article carries no last-updated date; its most recent dated entry is September 2025. We could not open each regulator's register entry for this edition, so all rows are company disclosures.

The help article also lists acquired or local entities in China (Yunhui Pay Co. Ltd, People's Bank of China), Indonesia (PT Skye Sab Indonesia, Bank Indonesia), South Korea (Paynuri Co., Ltd., Financial Services Commission), Mexico (MexPago, CNBV), Brazil (AWX Brasil Instituição de Pagamento, Banco Central do Brasil) and Vietnam (State Bank of Vietnam), plus a US broker-dealer that is a FINRA member.

Note on Malaysia: the help centre gives the money services business licence number as 00767, while the footer of Airwallex's Malaysian site gives 00743, valid until 17 December 2027. We have not resolved the difference; the Bank Negara Malaysia directory is the place to check. UK and Singapore entries can be checked on the FCA register and the MAS directory, as set out in our guide on how to check a financial licence.

Who it tends to suit

Airwallex is commonly used by small and mid-sized businesses that trade across borders and want to hold several currencies, pay suppliers abroad and issue cards from one account. Online sellers in Asia Pacific may find its local methods and acquiring footprint relevant, and software platforms may look at its embedded finance API. Businesses comparing multi-currency accounts often look at Wise, Revolut and Payoneer; those mainly after card acceptance and payouts across emerging markets may compare Rapyd. Our Wise vs Revolut comparison covers two of the closest alternatives.

What to check before signing up

• Which Airwallex entity will hold your money, and whether it is an e-money institution, payment institution or a partner bank.
• The pricing page for your own country, since plans and card rates differ from the Singapore figures above.
• The FX margin that applies to your currency pairs (0.4% or 0.6% in Singapore).
• Who issues the Visa cards in your market and which protections apply to card balances.
• For Yield, the product disclosure statement or licence terms that apply in your market.
• The full fee schedule, including chargebacks and any minimum charges.