Airwallex’s Post

💷💴. Airwallex's mid-year update is a testament to its transformative impact on global payments. With transaction volume surpassing $100 billion—an impressive 73% growth year-on-year—and annual revenue climbing above $500 million, the company is solidifying its role as a leader in financial technology. The CEO’s Jack Zhang insights reveal ambitious plans for expansion and innovation, from strategic partnerships like McLaren Racing to enhancing AI capabilities. Discover how Airwallex’s infrastructure advancements and product innovations are setting new standards in the payments industry by exploring the full update.

So apparently 100 billion $1 dollar bills stacked end-to-end could circle the Earth 200 times, and go to the Moon and back 10 times 🌎 While we're not planning any intergalatic travel any time soon, $100bn is the amount of annualised transaction volume that we here at Airwallex have just hit. As well as being a pretty cool milestone, it is also a sign of the drive, commitment and value that the business brings to its 100,000 customers worldwide. 🚀 Proud of our global team and the impact we’re making in the world of cross-border payments. Here’s to reaching even greater heights together! #TeamAirwallex #100BillionAndCounting #Borderless

Discover how Airwallex drives payments precision for McLaren Racing 🏎️✨ In a sport where marginal gains are the difference between success and failure, the McLaren Racing Formula 1 team knows the importance of speed and cutting-edge technology. That’s why they’ve selected Airwallex to modernise the way they manage and pay local suppliers around the world. Airwallex is built to boost business performance: ⚡ Speed: Move money across international markets quickly with over 70% of transfers arriving at their destination within one business day. 💸 Global coverage: Manage financial operations across your global markets from one platform - from treasury and payment acceptance to payouts and spend management. 📈 Savings: Reduce unnecessary FX conversion fees with the ability to collect and hold multiple currencies while accessing market-leading rates when you do need to convert funds. 💡Scalability: Build customised workflows or monetise your own financial products using Airwallex’s comprehensive APIs. Want to learn more? 👉 https://brnw.ch/21wI0oq #McLarenAirwallex #McLarenRacing #Formula1 #BusinessBeyondBorders #PaymentsInPolePosition

Discover how Airwallex drives payments precision for McLaren Racing 🏎️✨ In a sport where marginal gains are the difference between success and failure, the McLaren Racing Formula 1 team knows the importance of speed and cutting-edge technology. That’s why they’ve selected Airwallex to modernise the way they manage and pay local suppliers around the world. Airwallex is built to boost business performance: ⚡ Speed: Move money across international markets quickly with over 70% of transfers arriving at their destination within one business day. 💸 Global coverage: Manage financial operations across your global markets from one platform - from treasury and payment acceptance to payouts and spend management. 📈 Savings: Reduce unnecessary FX conversion fees with the ability to collect and hold multiple currencies while accessing market-leading rates when you do need to convert funds. 💡Scalability: Build customised workflows or monetise your own financial products using Airwallex’s comprehensive APIs. Want to learn more? 👉 https://brnw.ch/21wI0or #McLarenAirwallex #McLarenRacing #Formula1 #BusinessBeyondBorders #PaymentsInPolePosition

We will see many of these ideas in the near future. Payments are not a commodity and they are not a cost center. They will become a strong revenue stream with innovation both in marketing and technology.

Is Yamaha buying Primax for a Massive Financial Gain? Rumor Mill Revealed Get the inside scoop on the rumors swirling around the potential acquisition of Primax by Yamaha. We discuss the possible financial considerations that could make this rumored deal a reality. What do you think? Share your thoughts in the comments! #Yamaha #PrimaxAcquisition #RumorMill #FinancialConsiderations #MotorbikeIndustry #AcquisitionNews #YamahaRumors #IndustryInsights #BikeNews #MotorbikeRumors

Leveraging strategic partnerships is a great way to expand into new markets. A standout example from this year - Airwallex & McLaren Racing Airwallex is a global payments and financial platform. What do they have to do with a Formula 1 Team? Well... For McLaren, it's more than just payments. This partnership will help streamline their financial operations on a global scale (expanding their supply chain and letting them focus on what they do best - racing!). For Airwallex, aligning with a renowned brand like McLaren will help boost their visibility in new markets (helping expand across Europe, Middle East, and the Americas - where F1 is has a massive following). This partnership goes beyond just brand alignment. It's a strategic move to accelerate global growth and presence. The result: Airwallex has reported a 152% increase in revenue year-on-year across EMEA. Creative partnerships like this one show us that when innovation and strategy align, growth shifts into high gear (had to) ;) Kudos to both teams: Dylan Holman - Head of Commercial Partnerships, McLaren Racing Hugo Buret - Global Head of Strategic Partnerships, Airwallex #Partnerships #Strategy #MarketExpansion #BusinessGrowth Source: Fintech Magazine "Airwallex: Supporting McLaren FQ Team's Financial Operations"

McLaren Racing has partnered with global financial platform Airwallex to enhance its payment operations throughout the 2024 Formula 1 season. Airwallex revealed how its global financial technology has helped McLaren Racing streamline the team’s international transactions, offering greater efficiency and cost savings. Previously, McLaren’s finance team manually processed 30 individual international payments, a time-consuming and inefficient approach. With Airwallex’s platform, McLaren now manages payments through a batch system, using a customised approval process. This has reduced the time required for payment runs to under an hour, saving the finance team half a day of work each month. In addition to simplifying the payment process, McLaren has also addressed delays and fees associated with cross-border transactions. Previously, the team faced transfer times of up to five business days when paying international suppliers in US dollars, alongside high transfer fees. By leveraging Airwallex’s local payout network, 90% of transactions are now completed within hours, and 65% are processed instantly. The platform also allows McLaren to pay vendors in their local currencies, benefiting from competitive foreign exchange rates. Source: https://lnkd.in/esXNZBwJ Sign up for more news updates like this in our daily newsletter: https://lnkd.in/eskQx7Ym #payments #paymenservices #paytech #paymentindustry #fintech #financialtechnology #financialservices

Airwallex and McLaren Racing pen multi-year partnership to modernize global payment operations and support the Formula 1 Team Jack Zhang, CEO and Co-Founder of Airwallex, said “There are very few brands that match McLaren’s heritage and global appeal. Like McLaren, Airwallex is constantly innovating to move faster and with greater precision – with a product that unites people around the world. Our partnership will play a key role in supporting our global expansion, and we look forward to working with the McLaren team in 2024 and beyond to support our mutual growth.” https://lnkd.in/etCEQ29Q Zak Brown Fran Campbell Darren Chew Max L. Lucy Yueting Liu Jacob Dai Virgilijus Mirkes Steve Atkins Laura Bowden Piers Thynne Alex Glancy Lisette Simons Darren Fong Thomas Djukic Christo Christodoulou Natalie Williams Hugo Buret Kai Wu Ravi Adusumilli #FFNews #Fintech #Finance #Banking #Paytech #Payments #Insurtech #Insurance

I compare Pivotree to the advantage of having an exceptional pit crew in F1 racing. Here’s why: 🔧 Regulated Environment: In F1 🏎️ 💨 , vehicles are heavily regulated to ensure equality and safety. Similarly, businesses supplying goods to consumers share common components: 📊 PIM/MDM systems 📦 WMS/IMS systems 💻 Digital presence 🔍 Competitive Edge: Engineers can make minor tweaks to F1 cars, but the components are largely the same. Likewise, businesses need to find unique ways to stand out. 🏆 Success Factor: In F1, the performance of the pit crew can make or break a race. The fastest and most unified pit crew often determines the winner. 💡 Pivotree Advantage: In the competitive world of digital channel selling, Pivotree acts as that exceptional pit crew, optimizing and unifying the components we all rely on. #DigitalTransformation #Ecommerce #SupplyChain #Pivotree #BusinessGrowth