Today, Airwallex announced several milestones in its global expansion strategy: securing a payment institution license from the Banco Central do Brasil, and finalizing the acquisition of MexPago, a Mexico-based payment service provider and an Institution of Electronic Payment Funds (IFPE) license-holder.
With these two licenses secured, Airwallex will link its global financial infrastructure to Latin America’s two largest economies to enable support for companies in Brazil and Mexico and facilitate international businesses’ entry into the region.
“Our infrastructure strategy is to connect diverse and strategically significant markets around the world,” said Ravi Adusumilli, President, Americas at Airwallex. “With licenses in Brazil and Mexico, we can help companies in Latin America to expand…
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