'No Real Competition To Stripe In 15 Years' – Airwallex CEO Jack Zhang Wants To Fix That
Yahoo Finance·2026-04-27 21:16
Airwallex, valued at $8 billion, surpassed $1 billion in annualized revenue in October, growing about 90% year-over-year at the time, according to the company . It also processes about $100 billion in annual transaction volume.He added that Stripe and Square can process payments in Japan but must immediately pay out to merchants' bank accounts rather than holding funds locally."When a business expands into a new market, they typically have to onboard a new local acquirer, navigate fragmented compliance, and ...