Airwallex Obtains MBS Licence from Central Bank of Malaysia

Fazzaco learned that fintech company Airwallex has secured a money services business (MSB) licence issued by Bank Negara Malaysia(BNM), the central bank of Malaysia.

With the new license, Airwallex will be able to offer modern, streamlined and integrated international payment solutions for Malaysian businesses of all sizes to efficiently manage their operations in Malaysia.

According to the official press release, from early next year, businesses in Malaysia can enjoy fast, transparent and cost-effective international payments in multiple currencies, empowering them to operate and grow globally. Through the Airwallex platform, they will have the ability to collect funds from customers across the globe in different currencies, convert and pay out into preferred currencies.

As Fazzaco reported earlier, Airwallex has announced its launch in the U.S to expand its global presence. U.S.-based businesses can now enjoy a full suite of products to support their cross-border payment needs in a fast, transparent and secure way.