News Snapshot:
Airwallex , a Melbourne-based global payments unicorn, has officially launched in Singapore, two months after it received a licence from the city-state’s central bank. The launch means Singapore businesses can now access Airwallex’s global payment services, which include global account issuance, domestic and cross-border money transfer, multi-currency wallets, and online payments acceptance, according to the announcement. The Sequoia-backed fintech unicorn received a Major Payment Institution (MPI) licence from the Monetary Authority of Singapore in November last year. It earlier secured a money services business licence in Malaysia in September, allowing it to offer international payment solutions for Malaysian businesses. The...
