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.

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 has 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.

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As the presenting partner for Arsenal’s upcoming pre-season
tour in Asia, the Melbourne-based fintech aims to leverage the collaboration to
engage new audiences and showcase its payments technology on an international
stage.

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 underscores Airwallex’s ambition to position itself as a leading
global payments provider while aligning with iconic sports brands to boost
visibility.

The fresh capital injection 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 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.

This article was written by Jared Kirui at www.financemagnates.com.

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