AIRWALLEX ACCELERATES ASIA-PACIFIC GROWTH WITH AN ACQUISITION OF A MAJORITY OWNERSHIP OF AN INDONESIAN PJP CATEGORY 1 LICENSED PAYMENTS COMPANY

SINGAPORE & JAKARTA, Indonesia, Dec 12 (Bernama) -- Airwallex, a global leader in business banking innovation, has acquired majority ownership of PT Skye Sab Indonesia, a PJP (Penyedia Jasa Pembayaran) Category 1 licence holder.

The acquisition allows Indonesian merchants looking to expand overseas to tap into Airwallex’s global financial infrastructure. This provides them an avenue for growth and to better manage their finances for international expansion, while facilitating international businesses’ entry into Indonesia. It also expands Airwallex’s already existing presence across major Asia-Pacific (APAC) markets, including Australia, China, Hong Kong, Japan, Malaysia, New Zealand, South Korea, Singapore, and Vietnam.