Airwallex has announced the launch of its global payments services in Canada, enabling local businesses to access its key offerings.

This includes local currency accounts in over 12 currencies, a multi currency wallet in 44 currencies and payouts to 150 countries with its proprietary local payment network.

The full suite of Airwallex’s global products, including multi-currency cards, spend management and online payments will be progressively rolled out in the market.

The cross border payments firm is licensed as a Money Services Business with Revenu Québec, and is registered as a Money Services Business with FINTRAC, the national financial intelligence agency of Canada.

Airwallex’s further expansion into Canada comes on the heels of its strong growth in the Americas region, where its customer base has reportedly increased by more than 300 percent YoY.

Globally, Airwallex covers more than 150 countries and has enabled US$50 billion in annualised transactions.

“Airwallex is excited to support the ambitious Canadian businesses who wish to grow internationally, quickly and economically, as well as international businesses who have operations in Canada.

With the launch of global payments services in Canada, Airwallex will be able to empower local businesses even more, to stay competitive, grow their customer base and expand to new markets,”

said Ravi Adusumilli, General Manager of Americas at Airwallex.

This article first appeared on fintechnews.hk

Featured image credit: Ravi Adusumilli, General Manager of Americas at Airwallex. Edited from freepik