Airwallex, a global financial and payments platform, has announced its full commercial launch in Malaysia after obtaining e-money issuance and Class A licences from Bank Negara Malaysia. These approvals allow Airwallex to offer a comprehensive suite of financial services, positioning it as one of the few non-bank entities in Malaysia with such capabilities.
The new licences enable Airwallex to provide a unified platform supporting payments, foreign exchange (FX), and multi-currency accounts. This development is timely as Malaysian businesses increasingly expand internationally, necessitating scalable financial infrastructure. Arnold Chan, General Manager for Asia-Pacific at Airwallex, stated, “Malaysia is a strategic market for Airwallex, and these approvals enable us to bring our full financial infrastructure to businesses on the ground.”
Building on its existing Class B Money Services Business licence and Registered Merchant Acquirer status, Airwallex has processed over RM2b in remittance volume in 2025. The company plans to double its local team in 2026, reflecting its commitment to the Malaysian market.
Airwallex’s expansion comes as Malaysia’s digital economy is set to contribute 30% of GDP by 2030, highlighting the growing need for seamless financial services. As Chan noted, “We provide the infrastructure businesses need to operate more efficiently and with greater control.”
With these regulatory approvals, Airwallex is poised to support Malaysian businesses in their global operations, reinforcing Malaysia’s role as a regional growth hub.
