Airwallex, a worldwide funds and monetary platform for contemporary companies, as we speak introduced it has signed a definitive settlement to amass MexPago, a Mexico-based fee service supplier and an Establishment of Digital Cost Funds (IFPE) license-holder.
The transaction is topic to regulatory approvals and customary closing circumstances.
This acquisition will allow Airwallex to increase its monetary infrastructure into Latin America and advance its mission to empower and assist companies to develop and function throughout borders. It is a vital a part of Airwallex’s broader progress technique within the Americas.
Luis Castillejos Ordaz, CEO of MexPago, stated:
“Airwallex’s means to attach firms throughout borders is unparalleled. The mix of MexPago’s funds capabilities in Mexico and Airwallex’s world monetary infrastructure will unlock thrilling alternatives for firms in Mexico to function globally, and for firms world wide to function in Mexico. I stay up for working intently with Airwallex to acquire the mandatory approvals and to make sure a clean transition of possession.”
Ravi Adusumilli, Govt Common Supervisor, Americas at Airwallex, stated:
“It is a important milestone for Airwallex. It marks our entry into Latin America and our dedication to constructing really world and proprietary monetary infrastructure. With the acquisition of MexPago, we’re on a path to turn into the primary funds and monetary platform for contemporary companies to go world. We’re excited to welcome Luis and the MexPago group to the Airwallex household.”