- Airwallex said it would be working with TripActions for a new online money transfer push, press reports said.
- This will allow improved expense management to be done for clients in over 130 markets across the globe.
- “Identifying faster, easier, and safer ways to move and manage money is key for businesses that want to grow at scale. At Airwallex, this is exactly the pain point that we are building a solution for,” said a spokesperson for Airwallex.
Airwallex, a provider of financial technology services, has entered into a partnership with TripActions, a global expenses and travel management service.
This is for a new fast money transfer push. Airwallex will support TripActions with its foreign exchange and corporate card option. It will also be working with the firm on its expense management service, which is a core part of its business.
Airwallex will bring banking infrastructure services to the table, according to press reports.
This partnership will then allow improved expense management to be done for clients in over 130 markets across the globe in more than 40 currencies.
Ravi Adusumilli, Global Head of Partnerships and General Manager for the Americas at Airwallex, said that picking out speedier and more secure methods of managing money would be important.
"Identifying faster, easier, and safer ways to move and manage money is key for businesses that want to grow at scale. At Airwallex, this is exactly the pain point we are building a solution for,” he said.
He went on to say that TripActions – his firm’s new partner – was an “all-in-one solution”.
TripActions is the modern day, all-in-one solution for corporate travel and expense, and we are pleased that we are able to support them and their ambition as they look to grow and expand their business globally,” he explained.
Michael Sindicich, EVP and General Manager of TripActions Liquid's said that the goal was to make "travel and expense easy".
“TripActions aims to make travel and expense easy, and Airwallex’s vision to deliver better experiences and tech solutions aligns exactly with that goal,” he said.
He added that speed had now become a key part of the process.
“With Airwallex, we are now able to reimburse our customers’ international employees in their local currencies instantly or on the same day in many countries, and we’re excited to continue working together as we bring more innovative features to businesses everywhere.”
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