Jakarta: Airwallex, a global leader in business banking innovation, has acquired majority ownership of PT Skye Sab Indonesia, a PJP (Penyedia Jasa Pembayaran) Category 1 licence holder. This strategic move marks a significant expansion in Airwallex's footprint across the Asia-Pacific region.

According to BERNAMA News Agency, the acquisition enables Indonesian merchants aiming for international expansion to leverage Airwallex's extensive global financial infrastructure. This development offers a pathway for growth and facilitates better financial management for these merchants as they venture into overseas markets. Additionally, it provides international businesses with smoother entry into the Indonesian market.

This acquisition further solidifies Airwallex's presence in major Asia-Pacific markets such as Australia, China, Hong Kong, Japan, Malaysia, New Zealand, South Korea, Singapore, and Vietnam. By integrating PT Skye Sab Indonesia into its operations, Airwallex strengthens its position as a key player in the region's financial services sector.