FinTech Magazine August 2020 | Page 32

Airwallex
FINTECH
Airwallex
- Your passport to global business
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32 other services can be added to , so you can do foreign exchange FX ), collect money in different countries , create debit cards and pay for goods , accept funds and more . We don ’ t deal with cash , it ’ s all digital and done over the web through our API technology .”
Of course , that shift to digital has only increased for all businesses – and consumers – as a result of the global COVID-19 pandemic . Airwallex has proved robust despite the challenges placed on it from COVID , says Butland , and the broader shift to remote working and isolation has increased the use of digital payments and financial services tools . “ We ’ ve a large presence in Shanghai , so we were aware of the potential implications earlier than some organisations and we pivoted very quickly to be able to manage any possible disruption . Many of the areas that we support , such as travel or education , have naturally been impacted quite badly , but there has been a significant increase in ecommerce that means we ’ ve been quite resilient .
“ In terms of the wider shift to digital , I think that ’ s been happening for a while but COVID will certainly increase
AUGUST 2020