Fintech

The company’s top executive aims to serve unbanked population and middle-class travelers.

Airwallex’s story started from a coffee shop in Melbourne. Eight years later, it’s a global cross-border payments platform on the cusp of bringing Chinese companies onto the global stage.

In theory, account abstraction offers benefits like social recovery, role-based access control, batch transactions, and more. But how feasible is its implementation?

The ASEAN-wide arrangement would ease reliance on the US dollar.

The program integrates the Alipay merchant network with overseas mobile wallets, enabling seamless payments within mainland China.

The company offers BNPL services using a proprietary scoring algorithm to ensure customers can responsibly access funds to purchase essential goods.

The issuers must meet criteria on value stability, minimum capital, and others.

The fintech company attempts to keep an edge by legally shielding the technology it develops.