Airwallex Secures Key Regulatory Approvals for Full Commercial Launch in Malaysia

“Malaysia is a strategic market for Airwallex, and these approvals enable us to bring our full financial infrastructure to businesses on the ground,” said Arnold Chan, General Manager, Asia-Pacific (APAC), Airwallex. “We’re excited to support local businesses in scaling internationally, and to play a role in strengthening Malaysia’s position as a hub for regional and global growth.”

Holding both e-money issuance approval and a Class A licence strengthens Airwallex’s position as a fully regulated financial platform for businesses in Malaysia. This enables Airwallex to deliver comprehensive financial infrastructure – going beyond payments to support multi-currency accounts, FX, and complex business use cases within a single, unified platform.

These approvals build on Airwallex’s existing Class B Money Services Business licence and its Registered Merchant Acquirer status, reflecting deepened regulatory trust and support from Malaysia’s central bank. Together, they mark a shift from selective product access to a full-stack offering for Malaysian companies.

Airwallex has also continued to invest in its local presence, growing its Malaysia team by 66% in 2025 and recently expanding into a new office space with capacity for over 160 employees. In addition, Airwallex Malaysia plans to double its headcount throughout 2026. This expansion reflects strong business momentum in the market, with over RM2 billion in remittance transaction volume processed in 2025, driven by rising demand from Malaysian businesses operating across borders.

“As one of the few full-stack, non-bank players with this level of regulatory coverage, we are uniquely positioned to support businesses as they grow beyond borders,” Chan said. “From helping companies manage multi-currency collections to enabling seamless global payouts at scale, we provide the infrastructure businesses need to operate more efficiently and with greater control.”

Malaysia is one of the region’s most dynamic and digitally advanced economies, with the digital economy targeted to contribute 30% of GDP by 2030¹, while e-commerce continues to grow rapidly. As one of the most trade-intensive economies globally, Malaysian businesses are increasingly operating across borders – reinforcing the need for seamless, multi-currency financial infrastructure.