Financial services provider, Airwallex confirmed the launch of its global payment services in New Zealand yesterday. According to the details shared by the company, the launch will facilitate businesses in the region through expanded payment options.
Airwallex noted that businesses with operations in Australia and New Zealand will be able to collect payments from their clients. Established in 2015 in Australia, Airwallex is a fully registered financial services provider in New Zealand.
Sam Kothari, the Head of Growth for ANZ at Airwallex, said that a single global financial platform is necessary for businesses in the region to help them scale their operations successfully.
“We are so pleased to be extending our services to New Zealand, a natural next step after establishing a strong presence in our home market of Australia. We see today’s launch as a huge opportunity for Kiwi businesses to broaden their reach into international markets. Our entry into the New Zealand market is something our customers have been requesting for some time; businesses tell us they have been deterred from reaching their full potential in this market due to the complexity of making international payments or trading across borders,” Kothari said in the announcement.
Airwallex is one of the most valuable fintech startups in the world. In 2020, the company secured $160 million in its Series D funding round.
ANZ Region
Australia and New Zealand are among the most developed economies in the world. The adoption of digital tools for payments has increased significantly in the ANZ region in the past few years.
“Many of our Australian customers have expanded to New Zealand. Ensuring that these Australian businesses now have an efficient and cost-effective way to streamline their financial operations between the two countries can help them with their growth plans in the ANZ region,” Kothari added.
