Airwallex makes waves in Vietnam with its acquisition of CTIN Pay,
reinforcing its Asia-Pacific expansion and setting its sights on new markets
worldwide.
Airwallex Goes Shopping: Vietnam Edition
Airwallex, the global fintech powerhouse, is back on a spending spree,
and this time, it’s Vietnam that’s caught its eye. The company has just
announced the acquisition of CTIN Pay, a Vietnamese payment firm, in a move
that cements its grip on the Asia-Pacific market. With an already dominant presence
in cross-border payments , Airwallex’s latest buy signals an even bolder push
into one of Southeast Asia’s most dynamic digital finance landscapes.
Why Vietnam? Because the market is ripe, the digital economy is
booming, and Airwallex is clearly not one to miss an opportunity when it sees
one. CTIN Pay, known for its robust payment infrastructure, will plug right
into Airwallex’s global network, giving businesses in Vietnam and beyond
seamless access to international transactions. The move furthers the company’s
presence in Asia-Pacific (APAC) markets, where it holds licenses in Australia,
Singapore, Hong Kong, Malaysia, New Zealand, mainland China, and Japan.
Ershad Ahamed,
newly appointed Head of Southeast Asia at Airwallex, highlighted the
significance of the acquisition, saying, “Airwallex’s mission to empower
businesses with seamless financial solutions resonates deeply with me.
Southeast Asia is a dynamic and diverse market, and I look forward to driving
Airwallex’s growth in the region. What excites me most is enabling businesses
here to unlock international growth opportunities with confidence by harnessing
our robust financial infrastructure.”
The Bigger Picture: New Zealand and LatAm Moves
Airwallex isn’t just expanding in Vietnam—it’s setting
up shop in New Zealand too. The fintech giant recently launched operations
in the country, marking yet another strategic move in its relentless global
march. Why New Zealand? Because every market matters when you’re building an
empire.
And speaking of empires, Airwallex isn’t stopping at Asia-Pacific. The
company has also been making
aggressive moves in Latin America, boasting record profits while expanding
into high-growth regions. The fintech firm’s LatAm foray includes key
partnerships and acquisitions, further strengthening its ability to process
cross-border transactions at scale.
Arnold Chan,
General Manager, APAC at Airwallex, underscored the company’s broader
vision, stating: “Airwallex’s entry into Vietnam is a key step in our strategy
to build a truly global financial platform. The fast-growing economy and
dynamic business landscape in Vietnam offer immense opportunities. By
addressing financial challenges in these markets, we empower local businesses
to expand beyond borders. We’re particularly excited about our progress and
continued expansion in APAC, the region where Airwallex was born.”
What This Means for Airwallex (And the Competition)
With CTIN Pay now in its pocket, Airwallex is positioning itself as the
go-to name for businesses looking to move money globally with ease. The fintech
space is crowded, but Airwallex’s strategy—acquiring key local players while
expanding into high-growth markets—puts it ahead of the pack.
💡 Scaling across borders, minus the complexity
“With Airwallex’s 60+ licences, we only need 1 account to make payments and track transactions across multiple entities.” — Dominic Ong, CFO, @endowus
🏆 Endowus needed a smarter way to manage global finances—without multiple… pic.twitter.com/GL85MuF6IK— Airwallex (@airwallex) February 11, 2025
While competitors scramble to keep up, Airwallex is building an
interconnected network that makes cross-border payments feel as simple as a
Venmo transfer. The company’s war chest is full, and its appetite for expansion
shows no signs of slowing down.
The Fintech Playbook: Acquire, Expand, Repeat
Airwallex’s acquisition of CTIN Pay is a bold statement. The company is
on a mission to create a truly international system, and Vietnam is another
stepping stone. With fresh New Zealand operations, record profits, and an
aggressive Latin American push, Airwallex is proving that the fintech game
isn’t about who started first, but who scales the fastest.
As traditional banks struggle to keep pace with this digital disruptor,
Airwallex’s latest moves make one thing clear: the future of global finance
isn’t just digital—it’s Airwallex-shaped.
Airwallex makes waves in Vietnam with its acquisition of CTIN Pay,
reinforcing its Asia-Pacific expansion and setting its sights on new markets
worldwide.
Airwallex Goes Shopping: Vietnam Edition
Airwallex, the global fintech powerhouse, is back on a spending spree,
and this time, it’s Vietnam that’s caught its eye. The company has just
announced the acquisition of CTIN Pay, a Vietnamese payment firm, in a move
that cements its grip on the Asia-Pacific market. With an already dominant presence
in cross-border payments , Airwallex’s latest buy signals an even bolder push
into one of Southeast Asia’s most dynamic digital finance landscapes.
Why Vietnam? Because the market is ripe, the digital economy is
booming, and Airwallex is clearly not one to miss an opportunity when it sees
one. CTIN Pay, known for its robust payment infrastructure, will plug right
into Airwallex’s global network, giving businesses in Vietnam and beyond
seamless access to international transactions. The move furthers the company’s
presence in Asia-Pacific (APAC) markets, where it holds licenses in Australia,
Singapore, Hong Kong, Malaysia, New Zealand, mainland China, and Japan.
Ershad Ahamed,
newly appointed Head of Southeast Asia at Airwallex, highlighted the
significance of the acquisition, saying, “Airwallex’s mission to empower
businesses with seamless financial solutions resonates deeply with me.
Southeast Asia is a dynamic and diverse market, and I look forward to driving
Airwallex’s growth in the region. What excites me most is enabling businesses
here to unlock international growth opportunities with confidence by harnessing
our robust financial infrastructure.”
The Bigger Picture: New Zealand and LatAm Moves
Airwallex isn’t just expanding in Vietnam—it’s setting
up shop in New Zealand too. The fintech giant recently launched operations
in the country, marking yet another strategic move in its relentless global
march. Why New Zealand? Because every market matters when you’re building an
empire.
And speaking of empires, Airwallex isn’t stopping at Asia-Pacific. The
company has also been making
aggressive moves in Latin America, boasting record profits while expanding
into high-growth regions. The fintech firm’s LatAm foray includes key
partnerships and acquisitions, further strengthening its ability to process
cross-border transactions at scale.
Arnold Chan,
General Manager, APAC at Airwallex, underscored the company’s broader
vision, stating: “Airwallex’s entry into Vietnam is a key step in our strategy
to build a truly global financial platform. The fast-growing economy and
dynamic business landscape in Vietnam offer immense opportunities. By
addressing financial challenges in these markets, we empower local businesses
to expand beyond borders. We’re particularly excited about our progress and
continued expansion in APAC, the region where Airwallex was born.”
What This Means for Airwallex (And the Competition)
With CTIN Pay now in its pocket, Airwallex is positioning itself as the
go-to name for businesses looking to move money globally with ease. The fintech
space is crowded, but Airwallex’s strategy—acquiring key local players while
expanding into high-growth markets—puts it ahead of the pack.
💡 Scaling across borders, minus the complexity
“With Airwallex’s 60+ licences, we only need 1 account to make payments and track transactions across multiple entities.” — Dominic Ong, CFO, @endowus
🏆 Endowus needed a smarter way to manage global finances—without multiple… pic.twitter.com/GL85MuF6IK— Airwallex (@airwallex) February 11, 2025
While competitors scramble to keep up, Airwallex is building an
interconnected network that makes cross-border payments feel as simple as a
Venmo transfer. The company’s war chest is full, and its appetite for expansion
shows no signs of slowing down.
The Fintech Playbook: Acquire, Expand, Repeat
Airwallex’s acquisition of CTIN Pay is a bold statement. The company is
on a mission to create a truly international system, and Vietnam is another
stepping stone. With fresh New Zealand operations, record profits, and an
aggressive Latin American push, Airwallex is proving that the fintech game
isn’t about who started first, but who scales the fastest.
As traditional banks struggle to keep pace with this digital disruptor,
Airwallex’s latest moves make one thing clear: the future of global finance
isn’t just digital—it’s Airwallex-shaped.
This post is originally published on FINANCEMAGNATES.
