back Back

Airwallex & BILL team to enable faster international payments

By Delisha Fernandes

May 02, 2024

  • Airwallex
  • Bill
  • Bill Payments
Share

Airwallex, MexPago, Fintech Unicorn, Payments, license-holder, financial infrastructure, financial platform, Electronic Payment Funds, Fintech news, Fintech MexicoAirwallex, a global payments and financial platform for modern businesses, has partnered with BILL, a financial operations platform for small and midsize businesses (SMBs), to provide Airwallex’s local transfer capabilities as part of BILL’s payment offerings.

BILL will offer its customers faster payment speed with the option to deliver payments same-day or next-day in local currencies through Airwallex.

“International payment processes have historically relied on manual, bank-facilitated wire transfers, which can be slow, expensive, or inconsistent due to the involvement of intermediary third-party banks,” said Ravi Adusumilli, Executive General Manager, Americas, Airwallex. “There is a growing demand for agile and embedded global payment infrastructure built on local rails, unlocking speedier payments that arrive on time and as expected. We are excited to help BILL remove complexity for SMBs and their vendors so that they can make fast and efficient payments around the globe.”

SMBs require choice and speed to go global SMBs are increasingly transacting with employees, vendors, partners, and customers around the world. With access to fast cross-border payment options, SMBs can more efficiently manage their business. Transactions delivered directly to local banks abroad through Airwallex’s proprietary global infrastructure unlock the ability to pay ‘like a local’ from anywhere in the world. Businesses can pay their vendors much faster, and in their local or preferred currency, without intermediary bank fees.

“For SMBs looking to work more efficiently and scale, the ability to make frictionless and timely international payments is a strategic advantage,” said Irana Wasti, BILL Chief Product Officer. “By adding Airwallex’s local transfer capabilities to our robust financial operations platform and flexible payments offerings, we will provide more choice, capability, and faster speed for international payments. BILL continually drives innovation in our payment experiences to help SMBs succeed both locally and globally.”

Airwallex’s modernized tech stack will enable BILL customers to schedule FX conversions and payouts at the ideal timing and cadence for the end customer, allowing them to automatically process and reconcile international bill payments at scale.

Previous Article

May 02, 2024

Fils & TPS to embed sustainability in Pakistan’s digital banking sector

Read More
Next Article

May 02, 2024

Fime & imark to boost Nepal’s financial ecosystem with EMV L3 testing

Read More






IBSi Daily News Analysis

UAE, money transfer

May 23, 2024

Airwallex

By 2034, the digital remittance market is expected to reach $83.2bn, research reveals

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

May 24, 2024

PPRO and Afterpay team to bring BNPL solution to US consumers

Read More

May 24, 2024

Boodil launches innovative Travel Payments Platform

Read More

May 24, 2024

heymax & Visa team to simplify Credit Card rewards experience

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023