Airwallex Hong Kong’s gross revenue grows threefold

Its consumer base also grew more than double.

The financial technology platform, Airwallex, recorded 207% jump year-on-year (YOY) in first quarter (Q1) gross revenue from its Hong Kong arm.

In Q1 of 2023, Airwallex Hong Kong observed a 167% YOY surge in its total transaction volume compared to the corresponding phase in the prior year. Further, Airwallex customers grew 142% YOY in the first three months of the year alone.

This indicated a positive trend towards digital transactions and payments within the business landscape of Hong Kong.

“About 25% of our Hong Kong customers use Airwallex as their primary business account. What this means is that more and more businesses are willing to explore alternative financial solutions that can enable more transparency, speed and cost-efficiency,” Arnold Chan, General Manager of Hong Kong & Southeast Asia, Airwallex, said.

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The fintech also announced the launch of Go Global campaign in Hong Kong. The campaign’s ambition is to make opportunities for accessible for SMEs, ecommerce businesses and start-ups, and eventually expand globally.

Airwallex aims to enable businesses to pursue their growth objectives and expand their operations globally, with the assistance of some of its major collaborators in Hong Kong, such as FedEx, Google Ads, Klook, and The Executive Centre.