Airwallex has acquired Paynuri Co. Ltd., a South Korean company with licenses for payment gateway, prepaid electronic payments, and foreign exchange.

This allows Airwallex to offer Korean businesses multi-currency accounts, global payment acceptance, and expense management tools.

Following a series G funding round that valued the company at US$8 billion, Airwallex plans to launch new products in Korea by 2026, including global business accounts and payment solutions.

The company will hire up to 20 employees this year to support local operations, strengthening its presence in Asia-Pacific and tapping into Korea’s growing ecommerce and entertainment markets.

🔗 Source: Airwallex

Recent Airwallex developments