Airwallex Secures Key Regulatory Approvals for Full Commercial Launch in Malaysia

• Airwallex obtains e-money and Class A licences from Bank Negara Malaysia, unlocking full local operations
• With this expanded offering, Airwallex distinguishes itself as one of Malaysia’s most comprehensive full-stack, non-bank financial services providers
• Malaysian businesses can now manage and move money globally at scale and with confidence through Airwallex’s tech-enabled financial platform

KUALA LUMPUR, Malaysia--(BUSINESS WIRE)--Airwallex, a leading global financial and payments platform, today announced that it has received approval from Bank Negara Malaysia for its e-money issuing and Class A licences. With these licences, Airwallex is able to provide a complete suite of payment services in Malaysia. This empowers companies to expand and thrive across borders, while enabling businesses globally to operate more seamlessly in this dynamic economic market.

“Malaysia is a strategic market for Airwallex, and these approvals enable us to bring our full financial infrastructure to businesses on the ground,” said Arnold Chan, General Manager, Asia-Pacific (APAC), Airwallex. “We’re excited to support local businesses in scaling internationally, and to play a role in strengthening Malaysia’s position as a hub for regional and global growth.”

Holding both e-money issuance approval and a Class A licence strengthens Airwallex’s position as a fully regulated financial platform for businesses in Malaysia. This enables Airwallex to deliver comprehensive financial infrastructure – going beyond payments to support multi-currency accounts, FX, and complex business use cases within a single, unified platform.

These approvals build on Airwallex’s existing Class B Money Services Business licence and its Registered Merchant Acquirer status, reflecting deepened regulatory trust and support from Malaysia’s central bank. Together, they mark a shift from selective product access to a full-stack offering for Malaysian companies.

Airwallex has also continued to invest in its local presence, growing its Malaysia team by 66% in 2025 and recently expanding into a new office space with capacity for over 160 employees. In addition, Airwallex Malaysia plans to double its headcount throughout 2026. This expansion reflects strong business momentum in the market, with over RM2 billion in remittance transaction volume processed in 2025, driven by rising demand from Malaysian businesses operating across borders.

“As one of the few full-stack, non-bank players with this level of regulatory coverage, we are uniquely positioned to support businesses as they grow beyond borders,” Chan said. “From helping companies manage multi-currency collections to enabling seamless global payouts at scale, we provide the infrastructure businesses need to operate more efficiently and with greater control.”

Malaysia is one of the region’s most dynamic and digitally advanced economies, with the digital economy targeted to contribute 30% of GDP by 2030¹, while e-commerce continues to grow rapidly. As one of the most trade-intensive economies globally, Malaysian businesses are increasingly operating across borders – reinforcing the need for seamless, multi-currency financial infrastructure.

END

About Airwallex

Airwallex is a leading global financial platform for modern businesses. We are building the future of global banking for a borderless, real-time, intelligent economy.

More than 200,000 companies worldwide – from startups to public enterprises – use Airwallex to manage their global banking and financial operations, or to build and monetize their own financial products using Airwallex infrastructure.

Founded in Melbourne in 2015, Airwallex holds 80 licences across North America, Europe, the Middle East, and Asia-Pacific, forming one of the most comprehensive financial infrastructures in the world. This regulated backbone powers Airwallex products at global scale, including: payment acceptance, billing, global accounts, corporate cards, and spend management.

The company is co-headquartered in Singapore and San Francisco with over 2,000 employees across 26 offices. Learn more at www.airwallex.com.

¹Post by Malaysia’s Minister of Digital, Gobind Singh Deo, on digital economy growth and inclusivity