Airwallex rolls out virtual Airwallex Borderless Cards for U.S. businesses

By Edlyn Cardoza

Airwallex, a leading global FinTech platform, recently introduced the U.S. Airwallex Borderless Card, a virtual Visa card issued by Community Federal Savings Bank (“CFSB”), enabling U.S. businesses to make digital card payments around the world easily.

The Company’s customers domiciled in the United States, can now instantly generate and issue multi-currency virtual payment cards that can be used to promptly pay third parties, such as vendors and other online merchants, wherever Visa cards are accepted.

The ability to pay on time and do away with barriers associated with global money transfers is critical. Using the Company’s Borderless Card, U.S. companies can now transact in more than 140 currencies and expand more easily into new markets with confidence, knowing that payments are secure, transparent, and fast. Single- and multi-use card capability allows for more security, better control, and better visibility with company spending.

Over the coming months, the Company plans to expand the U.S. Airwallex Borderless Card functionality, including the issuance of physical multi-currency payment cards for business owners and their employees’ work expenses, further empowering them to make everyday business purchases decisions.

Airwallex and Visa first announced their collaboration in February 2020 to revolutionize the cross-border payments experience for businesses that need to make payments to multiple parties across different geographies. The Company debuted the Airwallex Borderless Card in Australia in 2020 and the United Kingdom and Hong Kong in 2021.

“We are so excited to bring the Airwallex Borderless Cards to U.S. businesses,” said Shahryar Abbasi, Head of Small and Medium Enterprises – North America at Airwallex. “The Airwallex Borderless Card can help solve a number of pain points U.S. businesses often face when making cross-border payments. With the Airwallex Borderless Card, U.S. businesses will have the flexibility and control to grow their business internationally and make seamless payments in a matter of seconds.”

“Visa remains focused on bringing to life digital-first solutions to help businesses of all sizes more easily move money domestically and across borders,” said Veronica Fernandez, SVP, North America Head, Visa Business Solutions. “With today’s launch of the U.S. Airwallex Borderless Card, we’re pleased to bring these secure and convenient cross-border payment options to U.S. businesses.”