Airwallex Secures BNM Approval For E-money, Class A Licences In Malaysia
KUALA LUMPUR, April 1 (Bernama) -- Global financial and payments platform, Airwallex, has received approval from Bank Negara Malaysia (BNM) for its e-money issuing and Class A licences, which will provide a complete suite of payment services in Malaysia.
These approvals build on Airwallex’s existing Class B money services business licence and its registered merchant acquirer status, reflecting deepened regulatory trust and support from Malaysia’s central bank. It said the effort will empower companies to expand and thrive across borders, while enabling businesses globally to operate more seamlessly in this dynamic economic market.
"Holding both e-money issuance approval and a Class A licence strengthens Airwallex’s position as a fully regulated financial platform for businesses in Malaysia.
"This enables Airwallex to deliver comprehensive financial infrastructure – going beyond payments to support multi-currency accounts, foreign exchange (FX), and complex business use cases within a single, unified platform," the company said in a statement.
Airwallex said it has also continued to invest in its local presence, growing its Malaysia team by 66 per cent in 2025 and recently expanding into a new office space with capacity for over 160 employees, with plans to double its headcount throughout 2026.
It said the expansion reflects strong business momentum in the market, with over RM2 billion in remittance transaction volume processed in 2025, driven by rising demand from Malaysian businesses operating across borders.
Its general manager for Asia-Pacific, Arnold Chan, said that as “one of the few full-stack, non-bank players with this level of regulatory coverage, the company is uniquely positioned to support businesses as they grow beyond borders. From helping companies manage multi-currency collections to enabling seamless global payouts at scale, we provide the infrastructure businesses need to operate more efficiently and with greater control," he added.
-- BERNAMA
