Fintech firm Airwallex has introduced its new U.S Airwallex borderless card, a virtual card which enables U.S businesses to make digital payments across the globe.
Issued by Community Federal Savings Bank (CFSB), the Visa-assisted card affords businesses a multi-currency card which can pay third-parties such as merchants and vendors seamlessly.
The virtual borderless can be a crucial part of a business’ global payments, which also provides an opportunity for firms to break into international markets easier.
“We are so excited to bring the Airwallex Borderless Cards to U.S. businesses,” stated Shahryar Abbasi, Head of Small and Medium Enterprises North America at Airwallex.
“The Borderless Card can help solve a number of pain points U.S. businesses often face when making cross-border payments. With the Airwallex Borderless Card, U.S. businesses will have the flexibility and control to grow their business internationally and make seamless payments in a matter of seconds.”
Airwallex has claimed that the borderless card will be able to be transacted with over 140 currencies across the world, but most importantly, providing more security, better control and visibility for business payments.
Airwallex and Visa first announced their collaboration in February 2020 to change the cross-border payments experience for businesses that need to make payments to multiple parties across different geographies.
The Fintech company debuted the Virtual Borderless Card in Australia in 2020, and in the United Kingdom and Hong Kong in 2021.
Veronica Fernandez, SVP North America Head of Visa Business Solutions, commented: “Visa remains focused on bringing to life digital-first solutions to help businesses of all sizes more easily move money domestically and across borders.”
“With today’s launch of the U.S. Airwallex Borderless Card, we’re pleased to bring these secure and convenient cross-border payment options to U.S. businesses.”