Airwallex Posts Triple-Digit Revenue Growth In Singapore

KUALA LUMPUR, March 11 (Bernama) -- Airwallex, a global financial and payments platform, has reported strong financial year 2025 performance in Singapore, delivering triple-digit revenue growth for the second consecutive year, with a 107 per cent increase year-on-year and transaction volume rising 93 per cent over the same period.

Airwallex General Manager for Asia-Pacific (APAC), Arnold Chan said: “2024 was our launchpad, and 2025 solidified our lead in Singapore. In 2026, we will look to seal our leadership position across the region, building upon our momentum in Singapore.

“By staying agile to our customers’ needs and deepening our strategic partnerships, we are ready to deliver yet another standout year by driving growth for both Airwallex and the businesses that rely on our financial infrastructure to achieve their global ambitions.”

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Airwallex in a statement said it also strengthened its local footprint in 2025, welcoming customers such as Minor Hotels, HipVan, and Lovet, while continuing to support brands such as GlobalTix, Endowus, and Love, Bonito in managing their global financial operations.

Along with its strong commercial momentum, Airwallex’s Singapore headcount grew by 62 per cent in 2025 with hires across its corporate, commercial, and product, engineering and design functions. The company also plans to grow its headcount by more than 70 per cent by the end of 2026.

Small and medium enterprises (SMEs) with regional and global growth ambitions have been a key driver of Airwallex’s growth in Singapore. A survey of 250 local SME decision-makers conducted by Censuswide between Feb 9 and 17 provided insights into the challenges and opportunities faced by this segment.

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According to the survey, rising expenses have sharpened into a critical challenge, with nearly three-quarters of SMEs (73 per cent) citing it as a top concern in 2026, up from 62 per cent in 2025, underscoring mounting pressure on margins and operating models.

In addition, SMEs are pivoting from aggressive broad-market expansion to more focused regional growth strategies. Among SMEs planning to expand overseas, more than 97 per cent intend to do so within the next 18 months, suggesting that many are approaching regional expansion with more deliberate planning.

Furthermore, 67 per cent of SMEs remain optimistic about the global business environment. Confidence in Singapore remains strong, with 70 per cent agreeing that the government provides sufficient and accessible support for SMEs expanding overseas.

-- BERNAMA