Airwallex Gains BNM Approval For Full Payment Services In Malaysia

KUALA LUMPUR, April 1 (Bernama) -- Airwallex, a global financial and payments platform, has secured approval from Bank Negara Malaysia (BNM) for its e-money issuing and Class A licences, enabling it to roll out a full suite of payment services in the country.

The approvals significantly strengthen the company’s position as a fully regulated financial platform for Malaysian businesses.

“Malaysia is a strategic market for Airwallex, and these approvals enable us to bring our full financial infrastructure to businesses on the ground.

“We are excited to support local businesses in scaling internationally and to contribute to Malaysia’s role as a regional growth hub,” said Airwallex General Manager for Asia-Pacific, Arnold Chan in a statement.

With these licences, Airwallex can now offer comprehensive financial infrastructure beyond payments, including multi-currency accounts, foreign exchange capabilities and support for complex cross-border business operations within a single platform.

This infrastructure is designed to empower companies to expand across borders and operate more seamlessly in the dynamic Malaysian economic market.

The latest approvals build on Airwallex’s existing Class B Money Services Business licence and its status as a Registered Merchant Acquirer, reflecting continued regulatory confidence from the central bank. Together, they transition Airwallex from offering selected services to delivering a full-stack solution for businesses.

Airwallex has also expanded its footprint in Malaysia, growing its local workforce by 66 per cent in 2025 and moving into a larger office with capacity for over 160 employees.

In addition, Airwallex Malaysia plans to double its headcount in 2026, supported by strong business momentum, including more than RM2 billion in remittance transaction volume processed in 2025.

-- BERNAMA