Airwallex, a Singapore-based global payments and financial platform provider, acquired CTIN Pay, an intermediary payment service (IPS) licensed company in Vietnam.
The amount of the deal was not disclosed.
With the acquisition, Airwallex will expand existing licences across major Asia-Pacific (APAC) markets, including Australia, Singapore, Hong Kong, Malaysia, New Zealand, mainland China, and Japan.
To accelerate its expansion across Southeast Asia, Airwallex has also appointed Ershad Ahamed as its Head of Southeast Asia.
Founded in Melbourne in 2015 and now headquartered in Singapore, Airwallex is a financial platform company for modern businesses, offering solutions to manage everything from payments, treasury, and spend management to embedded finance. With its proprietary infrastructure, it enables global payments and financial operations, empowering businesses of all sizes to unlock new opportunities and grow beyond borders.
The company supports over 150,000 businesses globally and is used by brands such as Brex, Rippling, Navan, Qantas, SHEIN and many more.
FinSMEs
05/03/2025