Shopify Partners With Airwallex to Drive Global Payments

FinTech payments platform Airwallex is partnering with eCommerce firm Shopify to offer online merchants a streamlined integration for payment acceptance from customers around the world.

The Airwallex Online Payments App is a payment gateway plugin that supports Visa, Mastercard, UnionPay bank cards, and more than 30 local payment methods across Asia-Pacific and Europe, according to a press release on Thursday (July 21).

GrabPay in Southeast Asia, WeChat Pay in APAC, and Bancontact and Sofort in Europe are some of the local payment methods that merchants can integrate using the Airwallex Online Payments App on Shopify.

See also: South Korea Is an eCommerce Eden for Those Fluent in Local Payments

Airwallex SVP of Partnerships and General Manager, Americas Ravi Adusumilli said its solution will help online retailers “create a seamless payment journey” and is just one way its app can help eCommerce merchants accept cross-border payments.

“… by using an Airwallex account, merchants can gain secure access to a multitude of payment methods, both globally and locally, in a convenient, fast and affordable way possible,” Adusumilli added.

Settlements can also be received in over seven major currencies, including USD, which can sidestep currency conversion and other fees, according to the release. Merchants have the option of accepting payments into their Airwallex multi-currency wallets and cash out with borderless cards or transfers.

Read more: Artfinder on the Importance of Providing Seamless Cross-Border eCommerce Payments

Headquartered in Melbourne, Australia, and co-founded in 2015 by CEO Jack Zhang, Head of Design Max Li, President Lucy Liu and CTO Xijing Dai, the startup offers FinTech infrastructure to facilitate global payments for online merchants and other businesses. The startup has a presence across Asia-Pacific, Europe and North America.

Shopify was launched in Ottawa, Ontario in 2006. Co-founded by CEO Tobias Lütke, Daniel Weinand, and Scott Lake, the firm offers a proprietary eCommerce platform for online stores and retail point-of-sale systems.