Ripple collaborator Airwallex has made significant strides in the fintech and payments ecosystem with its recent partnership with Chicago-based fintech startup YEEld. YEEld, co-founded by Emily Tsitrian and Mira Boora, former employees of Stripes, aims to provide innovative payment acceptance technology to businesses of all sizes. With their experience in digital payment integration delivery, Tsitrian and Boora are focused on offering world-class integration, advisory services, and products for forward-thinking companies. Building on its collaboration with Airwallex, YEEld is continuing its expansion into the fintech and payments industry.
Tsitrian, CEO of YEEld, expressed her excitement about the partnership, emphasizing the critical role that international payments play in today’s interconnected world. She believes that Airwallex’s approach to international payments and global financial infrastructure will facilitate the growth that their clients expect from their payment provider. YEEld is looking forward to delivering even more innovation in this space through its partnership with Airwallex.
Airwallex, a leading global payment and financial platform for modern businesses, is equally enthusiastic about the collaboration. Jessica Chiu, VP of Strategic Partnerships, NA at Airwallex, emphasized the importance of global payments and financial technology in simplifying financial operations for businesses. Airwallex enables businesses of all sizes to scale across borders and is excited to support the growth of businesses in partnership with YEEld.
In line with its plans for expansion, Airwallex recently announced a partnership with American Express to increase its merchant payment acceptance options. This partnership allows Airwallex customers in Australia, Hong Kong, Singapore, and the United Kingdom to accept payments through American Express cards. This move further enhances Airwallex’s position in the global payments market.
Related Post
Airwallex has been utilizing RippleNet, Ripple’s payments network, since 2017. The company has experienced remarkable revenue growth in recent years, with a 115 percent increase in revenue Year on Year across Australia and New Zealand. Globally, Airwallex achieved 120 percent Year on Year revenue growth and a 77 percent increase in global transaction revenue. Luke Latham, Airwallex General Manager for Australia and New Zealand, attributed this growth to the demand within the business community for productivity enhancement. He also highlighted that 98 percent of customers’ transactions in Australia and New Zealand are facilitated through Airwallex’s proprietary infrastructure.
With a workforce of 1,400 worldwide, including 200 employees in Australia, Airwallex plans to continue expanding its team. The company’s operations in Australia guarantee the entirety of customers’ deposited funds through an authorized deposit-taking institution, providing a secure financial infrastructure. This ensures that customers’ funds are available for withdrawals and payouts when needed, as Airwallex cannot lend or use the money for other purposes.
It’s evident that Airwallex’s collaboration with YEEld and its recent partnership with American Express are driving the company’s growth and expansion in the fintech and payments ecosystem. Their innovative payment solutions, global financial infrastructure, and commitment to meeting the evolving needs of businesses position Airwallex as a key player in the industry.
Disclaimer: The information provided in this article is for informational purposes only and should not be considered as financial or investment advice. Readers are advised to conduct their own research before making any investment decisions. Crypto News Flash is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in this article.
