Airwallex and Visa Debut Borderless Cards for Businesses

Airwallex and Visa announced a partnership to launch Airwallex Borderless Cards, a multi-currency card product designed for businesses making international payments. The product was debuted at Pause Fest 2020 in Melbourne, Australia, with the exact date in February unspecified. Borderless Cards allow businesses to make purchases and payments in multiple currencies without traditional foreign exchange markups, leveraging Airwallex's global payments infrastructure and Visa's card network.

The product is embedded within Airwallex's broader platform, which includes multi-currency accounts and cross-border payment capabilities. The partnership represents a significant embedded finance play, combining Visa's network reach with Airwallex's fintech infrastructure to serve businesses with international operations. Financial terms of the partnership were not disclosed.

The launch positions Airwallex as a competitive embedded finance provider in the B2B cross-border payments space, particularly in the APAC region.