Airwallex Signs Final Agreement to Acquire CTIN Pay, Accelerating Expansion in the Asia-Pacific Region
Airwallex has officially signed a final agreement to acquire CTIN Pay, a Vietnamese payment company, in a bid to accelerate its expansion in the Asia-Pacific (APAC) region.
According to the official announcement, this acquisition will assist Airwallex in further expanding the coverage of its existing payment licenses in multiple APAC markets, including Australia, Singapore, Hong Kong (China), Malaysia, New Zealand, the Chinese mainland, and Japan. In addition, this strategic move will significantly strengthen Airwallex's global financial infrastructure layout and vigorously promote Vietnamese merchants to enter overseas markets.
At the same time, this transaction will also create favorable conditions for international companies and enterprises to enter the Vietnamese market, enabling them to expand their businesses in a more secure, efficient, and convenient manner. Currently, this transaction still needs to meet the regular closing conditions before it can be officially and successfully completed.
Detailed Interpretation of Airwallex's Acquisition of CTIN Pay
Airwallex, a leading global financial platform, is committed to providing comprehensive and trustworthy solutions for modern enterprises. Its business areas widely cover key sectors such as payments, financial management, expense management, and Embedded Finance. CTIN Pay, the acquired company, is an international payment service (IPS) company based in Vietnam. Through this acquisition, Airwallex will accelerate the realization of its long-term strategic goal, that is, to empower local enterprises, customize financial solutions that meet market needs for them, and ensure that all operational activities strictly comply with local regulatory requirements and legal compliance standards in Vietnam.
In the process of continuously deepening the construction of the financial infrastructure in Southeast Asia, Airwallex plans to focus on supporting the development of enterprises in the Vietnamese market, helping them expand their international businesses in a more secure and efficient way. At the same time, by actively addressing the financial challenges faced by these markets, Airwallex will further optimize the international business expansion model, vigorously promote enterprise growth, and accelerate the research and development of new products and the exploration of new business opportunities.
