Airwallex to Launch in Indonesia and Vietnam as Southeast Asia Expansion Accelerates

Gate News message, April 23 — Airwallex, a financial and payments technology company, plans to launch operations in Indonesia and Vietnam this year after acquiring licensed entities in both markets. The company will operate under its own brand and is building local teams, including business development professionals, to serve regional needs.

Last week, Airwallex obtained full license approval in Malaysia for commercial launch. In Malaysia, the company has grown its team by 66% in 2025 and plans to double headcount by 2026. In Singapore, where Airwallex operates one of its headquarters, the firm recorded a 107% revenue increase in 2025.

In Southeast Asia, Airwallex reported a 108% year-on-year increase in revenue and 94% growth in transaction volume for Q3 2025. Globally, the company exceeded US$1 billion in annualized revenue and US$235 billion in annualized transaction volume in Q3 2025, reaching EBITDA (earnings before interest, taxes, depreciation, and amortization) profitability in Q4. Airwallex is valued at US$8 billion after raising US$330 million in a December 2025 funding round.

Airwallex's Southeast Asia expansion reflects growing trade flow rerouting amid geopolitical changes. The company sees Vietnam and Malaysia as key markets benefiting from supply chain diversification. Arnold Chan, the firm's general manager for Asia Pacific, stated that Airwallex is positioning itself in markets where trade flows are shifting, noting that travel transactions have declined due to Middle East-related flight disruptions.