Global fintech firm Airwallex has received approval from Bank Negara Malaysia to operate as a fully licensed financial services provider in the country after obtaining both e-money and Class A licenses.

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The move enables the firm to offer its complete suite of financial products to Malaysian businesses, ranging from local payments to global money movement.

Growing Footprint and Market Investment

The new licenses build on Airwallex’s earlier approvals, including its Class B Money Services Business license and status as a registered merchant acquirer. With expanded regulatory coverage, the company can now issue e-money, manage multi-currency accounts, support foreign exchange transactions, and facilitate international payouts on a single platform.

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Arnold Chan, Airwallex’s General Manager for Asia-Pacific, said Malaysia is a key market where the company aims to help businesses expand internationally.

In 2025, Airwallex expanded its local team by 66% and handled over RM2 billion in remittance transactions. It also opened a larger office in Kuala Lumpur and plans to double its workforce.

Airwallex strengthened its global brand presence by signing a multi-year sponsorship deal with Arsenal Football Club, shortly after securing $300 million in Series F funding that valued the company at $6.2 billion.

The partnership makes Airwallex Arsenal’s Official Finance Software Partner and extends across both the men’s and women’s teams, offering the company prominent branding and content opportunities during matches at Emirates Stadium.

Arsenal Partnership After $300M Funding Boost

This latest move continues Airwallex’s broader expansion strategy, which has increasingly blended sports marketing with its financial technology growth. Following its earlier deal with McLaren Racing, the Arsenal partnership underscored Airwallex’s ambition to position itself as a global payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term provider while aligning with iconic sports brands to boost visibility.

The fresh capital injection now provides the financial backing to scale its offerings and amplify brand recognition, signaling that Airwallex’s post-funding momentum is firmly focused on deepening its global footprint through high-profile partnerships.

Elsewhere, Airwallex recently appointed former New Zealand Prime Minister and Finance Minister Sir Bill English as Chair of its New Zealand board, reinforcing its growing presence in the country. Since launching locally in 2023, the fintech has expanded rapidly, now reportedly serving over 1,000 New Zealand businesses and processing around NZ$2.4 billion in annual payment flows, a 240% increase from the previous year.