Corporate payments and financial platform Airwallex has taken a major step forward by signing an agreement to acquire Mexican payment service provider and electronic payment fund MexPago。The strategic deal is pending regulatory approval and customary closing conditions.。

Introduction to Airwallex

Airwallex offers a complete set of solutions including payments, money management, expense management and embedded finance。The company's proprietary infrastructure simplifies global payments and financial operations, making new opportunities more accessible to businesses of all sizes.。

Headquartered in Melbourne, Airwallex serves more than 100,000 businesses worldwide with trusted partners including Brex, Rippling, Navan, Qantas, SHEIN and many more。

Ravi Adusumilli, Airwallex's executive general manager for the Americas, said: "This is an important milestone for Airwallex.。It marks our entry into Latin America and our commitment to building a truly global and proprietary financial infrastructure.。Our team was able to drive more than 460% revenue growth in the Americas, demonstrating the huge unmet need for end-to-end fintech solutions that enable organizations to operate globally.。"

"With the acquisition of MexPago, we are becoming the first payment and finance platform for modern businesses to go global, welcoming Luis and the MexPago team to the Airwallex family."。"

MexPago, on the other hand, is a regulated fintech company in Mexico that helps merchants streamline their payment processes and receive various types of payments through a single integrated platform.。

MexPago customers can accept payments from major card networks such as Visa, MasterCard and American Express and can use SPEI interbank transfers online and in brick-and-mortar stores。The platform supports collection of products and services, as well as payments to suppliers and employees。

Airwallex's Latin American Expansion

Airwallex's acquisition of MexPago is a strategic move that allows the company to expand its financial infrastructure into Latin America.。It is part of Airwallex's overall growth strategy in the Americas, and the company's revenue in the region grew significantly year-over-year to more than 460%.。

Luis Castillejos Ordaz, CEO of MexPago, expressed his enthusiasm for the collaboration: "Airwallex's ability to connect businesses across borders is unparalleled.。The combination of MexPago's payment capabilities in Mexico and Airwallex's global financial infrastructure will provide Mexican companies with unparalleled operational opportunities.。"