Airwallex Expands in Latin America, Reports $130B Transactions

Airwallex, a global fintech leader, is aggressively expanding into Latin America, fueled by record profits and a significant increase in transaction volumes, which rose to $130 billion in just three months. The company's recent acquisitions, including the Mexican payment platform Mexpago and a payment institution license in Brazil, aim to enhance its operational capabilities in the region. This expansion aligns with a growing demand for digital payment solutions, particularly in Mexico, where 85% of small and medium-sized businesses plan to expand internationally. Airwallex reports a 78% year-over-year increase in gross profit and serves over 150,000 businesses globally, reflecting its successful strategy to provide alternatives to traditional banking. The company's focus on cross-border transactions positions it favorably within the competitive fintech landscape. As Airwallex continues to innovate and expand, it remains a pivotal player in facilitating international payments and supporting businesses in navigating new markets.