International business account provider

Airwallex

Global business payments platform

A global business payments platform. Payment and e-money entities provide Global Accounts in supported markets. This is not a traditional deposit-taking bank in many markets.

At a glance

Provider type: Global business finance / EMI platform
Legal model: Payment and e-money entities. Not a traditional bank in many markets.
Global reach: Very high
Business eligibility: Businesses operating internationally. Country and entity availability varies.
Multi-currency: Global Accounts and a wallet, with local accounts in supported markets.
Local receiving details: Yes. Global Accounts provide local bank details in supported markets.
International payments: Transfers to 200+ countries, referenced on the current UK business-account page.
Cards: Corporate cards.
Accounting integrations: Xero, Amazon, Shopify and other integrations.
Customer-money model: Safeguarded customer funds. Funds safeguarded under local regulations. Not equivalent to deposit insurance.

What is this provider?

Airwallex is listed as a global business finance and e-money platform for companies that collect, hold and pay across borders. The public comparison describes Global Accounts, local receiving details in supported markets, corporate cards, spend controls and integrations including Xero, Amazon and Shopify.

Which businesses can open an account?

Businesses operating internationally. Country and entity availability varies.

Company requirement: Supported jurisdictions. A list of accepted incorporation countries is not stated.

Owner or director residence: Not separately stated. Country and entity availability varies.

Sector restrictions and any requirement for a local presence are not stated beyond that eligibility. A published focus is not a decision that your company can open the account.

Where is it available?

Country and entity availability varies. A public list of incorporation countries is not stated, and a reach label is not the same as being open to every company.

Is this actually a bank account?

Business-finance platforms can provide account details, cards and payment infrastructure while operating under very different legal models.

Payment / e-money provider

Payment and e-money entities. Not a traditional bank in many markets.

Holding and managing currencies

Holding a currency, converting it, receiving it and sending it are separate functions. A currency count on its own does not describe which of those the company can do.

The comparison describes Global Accounts and a wallet, with local accounts in supported markets. Holding, receiving and sending are different actions. A single count of held currencies is not stated.

Global Accounts and a wallet, with local accounts in supported markets.

Getting paid internationally

Local receiving details can make it easier for customers to pay domestically even when your company operates internationally. Those details are not the same as a domestic bank account in that country.

Local receiving details through Global Accounts in supported markets.

Yes. Global Accounts provide local bank details in supported markets.

Paying suppliers and contractors

Transfers to 200+ countries, referenced on the current UK business-account page.

Cards and company spending

Corporate cards, spend controls and expense management are stated. Employee-card rules and card fees are not stated.

Business cards: Corporate cards.

Expense management: Spend controls and expense management.

Accounting and finance integrations

Xero, Amazon, Shopify and other integrations.

What does the account cost?

Check current provider pricing. Monthly plans, payment fees, FX, cards, extra users and local payout fees can all change, and this comparison does not repeat a figure that is not captured here.

Current global and UK materials promote no opening fee and no minimum transaction requirement for Global Accounts. Market pricing varies.

How is business money held?

A bank deposit, a partner-bank deposit, safeguarded customer funds and an e-money balance are different legal arrangements. They should not be treated as equivalent.

Safeguarded customer funds

Funds safeguarded under local regulations. Not equivalent to deposit insurance.

Protection depends on the legal entity and jurisdiction serving the business.