airwallex

The Tencent-backed global payments and foreign exchange unicorn debuted its borderless card last month in Australia, but headwinds, such as the COVID-19 pandemic, is taking its toll on its existing client base.

FinanceAsia is showcasing the entrepreneurs who are leading the wave of technological disruption across the region. We start with Australia.

Online security compliance issues look set to delay the granting of Hong Kong’s first virtual banking licenses, just as cybercrime fears build across the region.

The payments firm’s founder explains his route to profitability and how he plans to undercut other parts of banking such as trade finance.

Airwallex is building momentum after securing early backers, including Tencent and Sequoia -- more proof if any was needed that high-profile investors add to a startup’s credibility.