Airwallex to Provide Faster International Payments for BILL

Rhea-AI Summary

• English
• French
• German
• Italian
• Korean
• Spanish

Airwallex partners with BILL to offer faster international payments for SMBs. The partnership will provide fast cross-border payment options, allowing SMBs to pay vendors in local currencies without intermediary bank fees. Airwallex's local transfer capabilities will enhance BILL's payments offerings, enabling same-day or next-day payments globally.

Positive

• Partnership with Airwallex will enhance BILL's payment offerings, providing faster cross-border payment options for SMBs.

• Customers will benefit from same-day or next-day payments in local currencies through Airwallex's global infrastructure.

• BILL's collaboration with Airwallex will help SMBs manage their businesses more efficiently by offering faster payment speed and more choice.

Negative

• None.

Partnership will deliver more choice and speed for BILL customers when paying globally

SAN FRANCISCO--(BUSINESS WIRE)-- Airwallex, a leading global payments and financial platform for modern businesses, today announced a partnership with BILL (NYSE: BILL), a leading financial operations platform for small and midsize businesses (SMBs), to provide Airwallex’s local transfer capabilities as part of BILL’s payments offerings. BILL will offer its customers faster payment speed with the option to deliver payments same-day or next-day in local currencies through Airwallex.

SMBs require choice and speed to go global

SMBs are increasingly transacting with employees, vendors, partners, and customers around the world. With access to fast cross-border payment options, SMBs can more efficiently manage their business. Transactions delivered directly to local banks abroad through Airwallex’s proprietary global infrastructure unlock the ability to pay ‘like a local’ from anywhere in the world. Businesses can pay their vendors much faster, and in their local or preferred currency, without intermediary bank fees.

“International payment processes have historically relied on manual, bank-facilitated wire transfers, which can be slow, expensive, or inconsistent due to the involvement of intermediary third-party banks,” said Ravi Adusumilli, Executive General Manager, Americas, Airwallex. “There is a growing demand for agile and embedded global payment infrastructure built on local rails, unlocking speedier payments that arrive on time and as expected. We are excited to help BILL remove complexity for SMBs and their vendors so that they can make fast and efficient payments around the globe.”

“For SMBs looking to work more efficiently and scale, the ability to make frictionless and timely international payments is a strategic advantage,” said Irana Wasti, BILL Chief Product Officer. “By adding Airwallex’s local transfer capabilities to our robust financial operations platform and flexible payments offerings, we will provide more choice, capability, and faster speed for international payments. BILL continually drives innovation in our payment experiences to help SMBs succeed both locally and globally.”

Airwallex’s modernized tech stack will enable BILL customers to schedule FX conversions and payouts at the ideal timing and cadence for the end customer, allowing them to automatically process and reconcile international bill payments at scale.

About Airwallex

Airwallex is a leading global financial platform for modern businesses, offering trusted solutions to manage everything from payments, treasury, and spend management to embedded finance. With our proprietary infrastructure, Airwallex takes the friction out of global payments and financial operations, empowering businesses of all sizes to unlock new opportunities and grow beyond borders. Proudly founded in Melbourne, Airwallex supports over 100,000 businesses globally and is trusted by brands such as Brex, Rippling, Navan, Qantas, SHEIN and many more. For more information, visit http://www.airwallex.com

About BILL

BILL (NYSE: BILL) is a leading financial operations platform for small and midsize businesses (SMBs). As a champion of SMBs, we are automating the future of finance so businesses can thrive. Our integrated platform helps businesses to more efficiently control their payables, receivables and spend and expense management. Hundreds of thousands of businesses rely on BILL’s proprietary member network of millions to pay or get paid faster. Headquartered in San Jose, California, BILL is a trusted partner of leading U.S. financial institutions, accounting firms, and accounting software providers. For more information, visit bill.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240430694609/en/

Airwallex:

press@airwallex.com

Source: Airwallex