Airwallex, co-headquartered in Singapore and California, has received approval from Bank Negara Malaysia, the central bank of Malaysia, for its e-money issuing and Class A licences, enabling the company to offer a broader range of payment services in Malaysia.

With these licences, Airwallex is able to provide a complete suite of payment services in Malaysia, the financial and payment platform said in a release on Wednesday. This empowers companies to expand and thrive across borders, while enabling businesses globally to operate more seamlessly in this dynamic economic market.

The expanded offering is intended to support businesses operating across borders, Airwallex added. The approvals allow Airwallex to provide a full suite of financial services in the country, including multi-currency accounts, foreign exchange capabilities, and payment solutions within a unified platform.

Arnold Chan, General Manager of Asia-Pacific (APAC) at Airwallex, highlighted Malaysia represents a key market for the company’s regional strategy, with the new licences enabling it to deliver its financial infrastructure more comprehensively to local businesses. The latest approvals build on Airwallex’s existing Class B Money Services Business licence and its Registered Merchant Acquirer status, extending its regulatory coverage in Malaysia.

Airwallex has also increased its local presence, expanding its workforce in Malaysia during 2025 and moving into a larger office. The company plans further hiring in 2026. It reported processing more than MYR2 billion ($495 million) in remittance transaction volume in Malaysia in 2025, driven by demand from businesses engaged in cross-border operations.

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