Digital Assets

Airwallex secures EMI licence in the Netherlands

Airwallex, a leading global payments platform, had announced it has secured its Electronic Money Institution (EMI) licence from the Dutch Central Bank (De Nederlandsche Bank, DNB).

The licence was granted on 30 April 2021, and gives Airwallex access to the European single market, Airwallex said in a press release.

This latest approval adds to Airwallex's existing licences in its core markets, including the UK, United States, Australia, and Hong Kong. With its EU EMI licence, Airwallex will soon be able to offer an enhanced range of products and services to customers across Europe, bolstering its growth by offering businesses an end-to-end solution for FX, card issuing and online payments.

Jed Rose, General Manager, EMEA, Airwallex, said: “We are delighted to have been granted an EMI licence by the DNB. This is a significant milestone for Airwallex as we look to deepen our presence in the European market and address the pain points faced by many businesses who are looking for a simpler, more convenient and transparent process to support their payments needs. We look forward to providing businesses in Europe with a full product stack to empower their growth.”

Founded in 2015 in Melbourne, Airwallex has grown to become a global fintech platform that is supported by a team of over 650 employees across 12 global offices. Earlier this year, Airwallex announced an additional capital raise of USD100 million to further accelerate its global expansion, strengthening its capabilities through product innovation and new partnerships. In Europe, the company continues to invest in growth, with plans to double its 50-strong team by the end of the year and build out its presence in Amsterdam.