Airwallex makes waves in Vietnam with its acquisition of CTIN Pay, reinforcing its Asia-Pacific expansion and setting its sights on new markets worldwide.

Airwallex Goes Shopping: Vietnam Edition

Airwallex, the global fintech powerhouse, is back on a spending spree, and this time, it’s Vietnam that’s caught its eye. The company has just announced the acquisition of CTIN Pay, a Vietnamese payment firm, in a move that cements its grip on the Asia-Pacific market. With an already dominant presence in cross-border payments, Airwallex’s latest buy signals an even bolder push into one of Southeast Asia’s most dynamic digital finance landscapes.

Why Vietnam? Because the market is ripe, the digital economy is booming, and Airwallex is clearly not one to miss an opportunity when it sees one. CTIN Pay, known for its robust payment infrastructure, will plug right into Airwallex’s global network, giving businesses in Vietnam and beyond seamless access to international transactions. The move furthers the company’s presence in Asia-Pacific (APAC) markets, where it holds licenses in Australia, Singapore, Hong Kong, Malaysia, New Zealand, mainland China, and Japan.

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Ershad Ahamed, Head of Southeast Asia, Airwallex (LinkedIn).

Ershad Ahamed, newly appointed Head of Southeast Asia at Airwallex, highlighted the significance of the acquisition, saying, “Airwallex’s mission to empower businesses with seamless financial solutions resonates deeply with me. Southeast Asia is a dynamic and diverse market, and I look forward to driving Airwallex’s growth in the region. What excites me most is enabling businesses here to unlock international growth opportunities with confidence by harnessing our robust financial infrastructure.”

The Bigger Picture: New Zealand and LatAm Moves

Airwallex isn’t just expanding in Vietnam—it’s setting up shop in New Zealand too. The fintech giant recently launched operations in the country, marking yet another strategic move in its relentless global march. Why New Zealand? Because every market matters when you’re building an empire.

And speaking of empires, Airwallex isn’t stopping at Asia-Pacific. The company has also been making aggressive moves in Latin America, boasting record profits while expanding into high-growth regions. The fintech firm’s LatAm foray includes key partnerships and acquisitions, further strengthening its ability to process cross-border transactions at scale.

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Arnold Chan, General Manager, APAC at Airwallex (LinkedIn).

Arnold Chan, General Manager, APAC at Airwallex, underscored the company’s broader vision, stating: “Airwallex’s entry into Vietnam is a key step in our strategy to build a truly global financial platform. The fast-growing economy and dynamic business landscape in Vietnam offer immense opportunities. By addressing financial challenges in these markets, we empower local businesses to expand beyond borders. We’re particularly excited about our progress and continued expansion in APAC, the region where Airwallex was born.”

What This Means for Airwallex (And the Competition)

With CTIN Pay now in its pocket, Airwallex is positioning itself as the go-to name for businesses looking to move money globally with ease. The fintech space is crowded, but Airwallex’s strategy—acquiring key local players while expanding into high-growth markets—puts it ahead of the pack.

While competitors scramble to keep up, Airwallex is building an interconnected network that makes cross-border payments feel as simple as a Venmo transfer. The company’s war chest is full, and its appetite for expansion shows no signs of slowing down.

The Fintech Playbook: Acquire, Expand, Repeat

Airwallex’s acquisition of CTIN Pay is a bold statement. The company is on a mission to create a truly international system, and Vietnam is another stepping stone. With fresh New Zealand operations, record profits, and an aggressive Latin American push, Airwallex is proving that the fintech game isn’t about who started first, but who scales the fastest.

As traditional banks struggle to keep pace with this digital disruptor, Airwallex’s latest moves make one thing clear: the future of global finance isn’t just digital—it’s Airwallex-shaped.

Source: Finance Magnates