Airwallex has secured two new licences from Bank Negara Malaysia, paving the way for its full commercial launch in the country.
The company received approval for an e-money issuing licence and a Class A licence, enabling it to offer a comprehensive suite of payment services in Malaysia.
These approvals build on Airwallex’s existing Class B Money Services Business licence and its status as a Registered Merchant Acquirer.
With the expanded regulatory clearance, Airwallex can now provide payments, multi-currency accounts and foreign exchange services through a single platform.
Arnold Chan, General Manager for Asia-Pacific at Airwallex, said Malaysia is a strategic market for the company and the approvals allow it to bring its full financial infrastructure to local businesses. He added that Airwallex aims to help Malaysian companies scale internationally while supporting the country’s role as a regional and global business hub.
The licences mark a move from selective product availability to a more complete local offering for businesses operating across borders.
Airwallex has also expanded its presence in Malaysia, with its local team growing by 66% in 2025. The company recently moved into a new office with capacity for more than 160 employees and plans to double its headcount in 2026.
In 2025, Airwallex processed more than RM2 billion in remittance transaction volume in Malaysia, driven by demand from cross-border businesses.
