Airwallex is about to take on Stripe and the rest of the payments industry — in the physical world

What Happened

Airwallex, an Australian fintech valued at $8 billion, launched a point-of-sale product enabling businesses to accept in-person payments across multiple countries via single platform. The startup claims $1.3 billion annualized revenue, serves 46,000 U.S. businesses, and holds 90 regulatory licenses across 70-80 regions. CEO Jack Zhang rejected Stripe's $1.2 billion acquisition offer in 2019. Airwallex commits $1 billion U.S. investment through 2029.

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