Airwallex, a multinational financial technology company specializing in cross-border payments, treasury, spend management and embedded finance, has agreed to acquire MexPago, a Mexico-based payment service provider with an Institution of Electronic Payment Funds (IFPE) license. The acquisition aims to expand Airwallex’s financial infrastructure into Latin America, marking a crucial milestone for its growth strategy in the Americas, where it has reported over 460% year-over-year revenue growth. This acquisition will help Airwallex enhance its ability to facilitate cross-border transactions for Mexican companies that need to operate globally.
Fintech Unicorn Airwallex Signs Definitive Agreement to Acquire Mexico Payments Company MexPago
