Airwallex, a leading global financial platform for businesses, launched the Airwallex Borderless Visa® Card in Canada. This virtual card simplifies international payments for Canadian businesses, allowing them to transact anywhere Visa is accepted.
“Modern businesses thrive in a globalized environment,” said Ravi Adusumilli, Executive General Manager, Americas at Airwallex. “The Borderless Visa Card equips Canadian businesses with the flexibility and control to manage international payments efficiently, eliminating costly foreign exchange fees.”
Streamlined International Payments
The Airwallex Borderless Visa Card addresses a key pain point for Canadian businesses – the high foreign exchange (FX) costs associated with traditional business cards funded in Canadian dollars. By leveraging Visa’s virtual card capabilities, Airwallex customers can generate virtual cards instantly and pay directly from their multi-currency wallet, eliminating unnecessary FX conversions.
Enhanced Security and Visibility
The Borderless Visa Card offers single-use and multi-use options for stronger security and granular control over company spending. Businesses gain real-time expense visibility through tight integration with Airwallex’s Expense Management solution, enabling seamless receipt upload, expense report submission, and approval workflows.
Future-Proof Functionality
Airwallex is committed to continuous improvement. Plans include expanding card functionality with Apple Pay and Google Pay integration, along with the introduction of physical multi-currency cards for added convenience.
Airwallex’s Growing Presence
This launch signifies Airwallex’s commitment to the Canadian market. Since entering the market in April 2023, they have expanded their presence significantly. The company’s global footprint includes 20 locations and over 1,400 employees, with plans to add 300 more in 2024.
