Airwallex, a global financial and payments platform, has received e-money issuing and Class A licenses from Bank Negara Malaysia (BNM), enabling a full commercial launch in the country.
These approvals mark a transition from a limited service provider to a full-stack financial infrastructure platform for Malaysian businesses.
Transitioning to full-stack financial infrastructure
Previously operating under a Class B Money Services Business license, Airwallex can now offer a broader range of services, including:
- Multi-currency accounts
- Foreign exchange (FX) services
- Scalable treasury and payment workflows
The expanded regulatory coverage allows the company to move beyond basic payment processing into a more comprehensive financial platform.
Strong growth and local investment
The approvals follow rapid growth in Malaysia. In 2025, Airwallex processed over RM2 billion in remittance volume.
To support this expansion, the company has:
- Increased local headcount by 66%
- Planned further hiring throughout 2026
- Opened a new office with capacity for 160+ employees
Supporting Malaysia’s digital economy
Malaysia is one of the most digitally active economies in the APAC region, with a target for the digital economy to contribute 30% of GDP by 2030.
With its expanded licenses, Airwallex is positioned to support businesses scaling internationally by providing faster, more efficient cross-border financial services.
