Airwallex acquires Vietnamese payments company, bolstering Southeast Asia presence

Airwallex will acquire CTIN Pay, a payment intermediary service provider in Vietnam. The deal will help supplement Airwallex's network of operations in major markets in the Asia- Pacific (APAC) region.

Airwallex will acquire CTIN Pay, a payment intermediary service provider in Vietnam. The deal will help supplement Airwallex's network of operations in major markets in the Asia- Pacific (APAC) region.

Airwallex, a leading international payments and financing platform for growing businesses, has announced that it has entered into an agreement to acquire CTIN Pay, a payment intermediary service provider in Vietnam. However, the deal is subject to regulatory conditions.

With the acquisition of CTIN Pay, Airwallex will expand its operations in Southeast Asia

With the acquisition of CTIN Pay, Airwallex can add to its network of operations in major markets in the Asia-Pacific (APAC) region, including Australia, Singapore, Hong Kong, Malaysia, New Zealand, Mainland China and Japan.

At the same time, this move helps strengthen Airwallex's global financial infrastructure, support Vietnamese businesses to reach international markets and create favorable conditions for foreign businesses to enter the Vietnamese market.

With its strong growth rate and rapid digital transformation, the Vietnamese economy is now considered an important strategic market for Airwallex in the region. By expanding its financial infrastructure in Southeast Asia, Airwallex will help Vietnamese businesses develop smoothly in the international market.

“Entering the Vietnamese market is an important step in Airwallex’s strategy to build a global financial platform,” said Arnold Chan, General Director of Airwallex Asia Pacific.

According to Mr. Arnold Chan, Vietnam has a fast-growing economy and a dynamic business environment, which will bring many great opportunities.

“We believe that addressing the financial challenges in this market will help local businesses scale internationally. We are particularly excited about Airwallex’s continued growth and expansion in Asia Pacific, the region where Airwallex was born,” said Arnold Chan.

Airwallex Southeast Asia Regional Director Ershad Ahamed

To accelerate its expansion in Southeast Asia, Airwallex has appointed Ershad Ahamed as Regional Director for Southeast Asia. Ershad has many years of experience working in high-growth technology companies in Singapore, and has an excellent track record of driving growth and profitability.

Most recently, he held senior management positions at Grab, including Chief Commercial Officer of GrabFin Indonesia and Regional Head of Payments Services, playing a key role in building Grab's payments and lending business.

He has also held leadership positions in growth, marketing and market strategy at Rakuten and Procter & Gamble.

“Airwallex’s mission of providing seamless financial solutions to businesses is truly inspiring to me. Southeast Asia is a dynamic and diverse market, and I am excited to drive Airwallex’s growth in the region,” said Ershad Ahamed.

According to Mr. Ershad Ahamed, what excites him most is “helping Southeast Asian businesses leverage Airwallex’s solid financial infrastructure to confidently expand into international markets.”

Source: https://baodautu.vn/airwallex-mua-lai-mot-cong-ty-thanh-toan-tai-viet-nam-cung-co-hien-dien-tai-khu-vuoc-dong-nam-a-d251011.html