SINGAPORE & HO CHI MINH CITY, Vietnam, March 5 (Bernama-BUSINESS WIRE) — Airwallex, a leading global payments and financial platform for growing businesses, has signed definitive agreements to acquire CTIN Pay, an Intermediary Payment Service (IPS) licensed company in Vietnam. This transaction is subject to satisfaction of the customary closing conditions.
The acquisition expands Airwallex’s existing licences across major Asia-Pacific (APAC) markets, including Australia, Singapore, Hong Kong, Malaysia, New Zealand, mainland China, and Japan. This move deepens the global reach of Airwallex’s financial infrastructure, aiding Vietnamese merchants in their overseas expansion, and facilitating international businesses to enter the Vietnamese market.