Airwallex Hong Kong’s gross revenue grows threefold

Its consumer base also grew more than double.

The financial technology platform, Airwallex, recorded 207% jump year-on-year (YOY) in first quarter (Q1) gross revenue from its Hong Kong arm.

In Q1 of 2023, Airwallex Hong Kong observed a 167% YOY surge in its total transaction volume compared to the corresponding phase in the prior year. Further, Airwallex customers grew 142% YOY in the first three months of the year alone.

This indicated a positive trend towards digital transactions and payments within the business landscape of Hong Kong.

“About 25% of our Hong Kong customers use Airwallex as their primary business account. What this means is that more and more businesses are willing to explore alternative financial solutions that can enable more transparency, speed and cost-efficiency,” Arnold Chan, General Manager of Hong Kong & Southeast Asia, Airwallex, said.

ALSO READ: Mastercard launches cryptocurrency-linked payment cards

The fintech also announced the launch of Go Global campaign in Hong Kong. The campaign’s ambition is to make opportunities for accessible for SMEs, ecommerce businesses and start-ups, and eventually expand globally.

Airwallex aims to enable businesses to pursue their growth objectives and expand their operations globally, with the assistance of some of its major collaborators in Hong Kong, such as FedEx, Google Ads, Klook, and The Executive Centre.

Follow the link for more news on

Airwallex

Also Read

JCB cards now accepted by GHL merchants in Malaysia, Thailand, Philippines

OCBC launches MyOwn bank account for children and teenagers

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit