Airwallex has secured two new licences from Bank Negara Malaysia, paving the way for a full commercial launch in Malaysia.
The company received approval for an e-money issuing licence and a Class A licence, allowing it to offer a complete suite of payment services in the country.
These approvals build on Airwallex’s existing Class B Money Services Business licence and its status as a Registered Merchant Acquirer in Malaysia.
With the expanded regulatory clearance, Airwallex can now offer services including payments, multi-currency accounts and foreign exchange through a single platform.
Arnold Chan, General Manager for Asia-Pacific at Airwallex, said,
“Malaysia is a strategic market for Airwallex, and these approvals enable us to bring our full financial infrastructure to businesses on the ground.
We’re excited to support local businesses in scaling internationally, and to play a role in strengthening Malaysia’s position as a hub for regional and global growth.”
The approvals mark a shift from selective product access to a fuller local offering for businesses operating across borders.
The company has also expanded its presence in Malaysia. Airwallex said its local team grew by 66 percent in 2025 and that it recently moved into a new office with capacity for more than 160 employees.
It also plans to double its headcount in Malaysia in 2026.
Airwallex processed more than RM2 billion in remittance transaction volume in Malaysia in 2025, driven by demand from businesses operating across borders.
