Airwallex Secures CMS Licence, Launches Investment Product For Singapore Businesses

KUALA LUMPUR, July 29 (Bernama) -- Airwallex has clinched a Capital Markets Services (CMS) licence from the Monetary Authority of Singapore (MAS), paving the way for its latest offering, Airwallex Yield, to launch in the city-state.

With this licence, fintech firms can now offer regulated investment solutions and custodial services to businesses in Singapore through its Airwallex Yield product.

Airwallex General Manager, Asia Pacific, Arnold Chan said this milestone lets us help Singapore businesses better manage cash and seize growth opportunities.

"This is a proud moment for us, and we are grateful to the MAS for their support and trust in our vision," he said in a statement.

The Airwallex Yield allows businesses to invest surplus funds in high-quality money market instruments, earning returns while maintaining full liquidity.

Companies can now grow multi-currency reserves without opening additional accounts and shift funds between cash and Yield accounts on demand.

Meanwhile, Airwallex Capital (Singapore) Executive Director, Gary Harvey said the product aims to simplify cash management and put idle funds to work for companies of all sizes.

Airwallex Capital is teaming up with Fullerton Fund Management to manage its Singapore dollar investment strategy and Goldman Sachs Asset Management for its US dollar solution, tapping institutional-grade expertise.

The launch of Airwallex Yield in Singapore follows successful rollouts in Australia and Hong Kong, reinforcing Airwallex’s strategy to shape the future of global finance, empowering companies to grow faster, smarter, and on their own terms.

-- BERNAMA