Cross border payments firm Airwallex has introduced the U.S. Airwallex Borderless Card, a virtual Visa card issued by Community Federal Savings Bank (CFSB).
Airwallex’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.
Using the Airwallex Borderless Card, U.S. companies can now transact in more than 140 currencies.
Over the coming months, Airwallex plans on expanding the U.S. Airwallex Borderless Card functionality, including the issuance of physical multi-currency payment cards for business owners and for their employees’ work expenses.
Airwallex and Visa first announced their collaboration in February 2020 and debuted the Airwallex Borderless Card in Australia, United Kingdom and Hong Kong.
“We are so excited to bring the Airwallex Borderless Cards to U.S. businesses. 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.”
said Shahryar Abbasi, Head of Small and Medium Enterprises – North America at Airwallex.
“Visa remains focused on bringing to life digital-first solutions to help businesses of all sizes more easily move money domestically and across borders.
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.”
said Veronica Fernandez, SVP, North America Head, Visa Business Solutions.
This article first appeared on Fintech News Hong Kong.