Airwallex is about to take on Stripe and the rest of the payments industry — in the physical world
Airwallex launches in-person payment solutions.
Airwallex, the Australian fintech known for its global payments infrastructure, is expanding into in-person payments with a new point-of-sale product. This move intensifies competition with Stripe and targets established players like Square and Adyen, allowing businesses to accept payments in multiple countries through a single platform without the need for local vendors.
Key Takeaways
- 1.
Airwallex is valued at $8 billion and generates $1.3 billion in annual revenue.
- 2.
The new POS product allows businesses to accept payments in over 120 countries without local vendors.
- 3.
Airwallex plans to invest $1 billion in the U.S. market by 2029.
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