Airwallex review Malaysia [2026]: Features, fees and alternatives

Take a look at how Airwallex works in Malaysia, including its pricing, multi-currency accounts, corporate cards, and global payment features

Key takeaways

• Airwallex offers Malaysian businesses a multi-currency account with local receiving accounts in 20+ currencies
• Businesses can issue multi-currency VISA corporate cards, although Airwallex doesn’t not specify how many cards can be issued per account
• While local transfers are free, sending funds internationally costs RM30-RM90 via SWIFT
• WorldFirst is an alternative to Airwallex, offering local receiving accounts in 20+ currencies, no account opening fees and integrations with Xero

Airwallex provides Malaysian businesses with multi-currency accounts, international payment capabilities and corporate cards.1 It also includes payment collection tools, local receiving accounts and integrations with business platforms for managing cross-border payments from a single account.1 This review breaks down Airwallex’s business account, covering its fees, payment features and business tools. It also compares Airwallex with WorldFirst.

What is Airwallex?

Airwallex is a digital payments platform built for businesses operating internationally.1 It supports cross-border payments and offers checkouts and payment links for businesses collecting from online customers.2,3 The multi-currency account come with corporate cards and also integrates with Xero, Lazada, Shopify, Amazon and WooCommerce.1,4

Quick look: Pros and cons of the Airwallex business account

→ Read about Airwallex alternatives

Airwallex fees in Malaysia

*Fees checked in June 2026

Features of Airwallex for Malaysia businesses

Multi-currency account

Airwallex Malaysia offers a multi-currency account with support for 20 currencies, including MYR, USD, EUR, GBP and other major currencies.1

Businesses can receive international payments using local account details, hold foreign currency balances and convert funds when required.1 The account also supports international transfers in 60+ currencies to more than 200 countries and regions.1,2

Payment links and online collections

Airwallex lets businesses create one-time or reusable payment links that can be shared via email, social media, messaging apps or embedded into invoices, with payments settling directly into the Airwallex account.5 Accepting payments is possible through 160+ payment methods like VISA, Mastercard, Apple Pay, Google Pay, WeChat Pay and more.5

Transaction fees apply based on the payment method used, starting from 1.4% + RM1.50 for local payment methods and 1.90% + RM1.50 for domestic cards.5 Subscription payments via API incur an additional 0.50% fee per successful card transaction.5

Business cards

Airwallex offers multi-currency VISA corporate cards that can be created instantly for company or employee spending, but the number of cards supported are not specified.6 Cards spend directly from available currency balances held in the Airwallex account.6 When the required currency balance is unavailable, Airwallex automatically converts funds using its foreign exchange rates before completing the transaction.6

How to open an Airwallex account in Malaysia

1. Register: Create an Airwallex business account using the Airwallex Malaysia website.
2. Verify: Submit your business registration details, company information, and identity documents for verification.
3. Activate: Once approved, access local receiving accounts, issue corporate cards, and start making international payments..

WorldFirst: Global business payments for growing businesses

WorldFirst helps businesses in Malaysia get paid by overseas customers, pay international suppliers, and manage foreign currencies–all from one account.

Local currency accounts with no monthly fee

WorldFirst offers a multi-currency account in 20+ currencies, including MYR, USD, EUR, GBP, AUD and CNH. Businesses can send/receive international payments, hold foreign currency balances and convert funds when required without paying account opening or monthly maintenance fees.

International payments

Businesses can send payments to more than 200 countries and regions in over 100 currencies from a single World Account.

Marketplace collections

WorldFirst enables businesses to collect payments from over 130 global marketplaces and payment gateways, including Amazon, Shopify and Stripe. Funds can be held in supported currencies before conversion or international transfer.

1688.com supplier payments

Businesses sourcing products from China can pay suppliers directly through World Pay, the authorised international payment provider for 1688.com.

Multi-user access and integrations

WorldFirst allows multiple users to access a single World Account. It also integrates with accounting software such as Xero.

FAQs

What is Airwallex in Malaysia?

Airwallex is a digital payments platform that helps Malaysian businesses make international payments, foreign currency balances, corporate cards and online payment acceptance from one account.1

Is Airwallex available in Malaysia?

Yes. Airwallex provides business accounts and payment services for eligible businesses in Malaysia, including local receiving accounts, international transfers, corporate cards and payment acceptance solutions.1

How do I open an Airwallex business account in Malaysia?

Businesses can apply online through the Airwallex Malaysia website by submitting their business information and verification documents. Once approved, they can access the platform’s payment, collection, API and card services.

What is a good alternative to Airwallex in Malaysia?

Businesses looking for other international payment solutions can also consider WorldFirst, which offers multi-currency accounts, international payments, marketplace collections without monthly account fees.

Sources

1. https://www.airwallex.com/my/business-account
2. https://www.airwallex.com/my/spend-management
3. https://www.airwallex.com/my/business-account/transfers
4. https://www.airwallex.com/my/pricing
5. https://www.airwallex.com/my/payments/payment-links
6. https://www.airwallex.com/my/spend-management/cards
7. https://www.airwallex.com/my/terms/fee-schedule