Airwallex and Xero extend their partnership by making it easier to pay bills

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Global fintech Airwallex has extended its long-term partnership with Xero by releasing a new payment link integration for Xero invoices that will make receiving invoices easier and faster for Australian businesses.

By including Airwallex’s multi-currency capabilities with the offering, customers will have a way to issue and pay bills in multiple currencies.

Using this platform will allow an Airwallex payment link to be integrated into a Xero invoice and the offer is available now for Australian Airwallex customers.

For greater flexibility, the payment link also covers over 170 currencies, giving customers a way to collect funds from bill recipients directly into their Airwallex account using cards and other local payment methods and settle their funds in eight currencies via a wide variety of Payment Types.

Once paid, Xero will automatically retrieve it and reconcile the invoice, emailing a payment receipt to the payer.

Airwallex started its partnership with Xero in 2020 when a banking feed integration between the two platforms was introduced.

Currently available in Australia, the UK and Hong Kong and as part of the company’s commitment to help grow small and medium-sized enterprises (SMEs), the integration allows Airwallex’s SME customers to bring closer transparent domestic and international payments and save time by ensuring their financial reports are accurate. .

Additionally, Airwallex’s bank-beating exchange rates mean the process is more cost effective, and the integration offers SMBs the ability to have full visibility of their Airwallex funds within Xero’s interface to quickly understand the financial health and position of their business at all times. .

The integration also allows Airwallex customers to view a daily update of their transactions through their Xero banking feeds, simplifying payment reconciliation and giving SMBs more time to focus on growing the business. .

The new invoice is an important addition as it synchronizes payment journeys for Xero customers, from when funds are collected to when they are reconciled with the bank.

“We are delighted to extend our partnership with Xero to simplify accounting and bookkeeping for our customers,” said Sam Kothari, Head of Growth at Airwallex A/NZ.

“Invoice recipients can now pay with one click, increasing the speed and likelihood of getting paid for our customers, which in turn will improve their business cash flow.

“We’ve also brought our unique cross-border payment capabilities to this solution to help our customers collect and hold in currencies that are important to them, avoiding unnecessary conversion fees.”

Airwallex is dedicated to empowering businesses of all sizes to grow internationally and ultimately contribute to the global economy.

Technology is at the heart, and the company has created a financial infrastructure and platform that helps businesses manage their online payments, cash and payments around the world without being limited by the constraints of the traditional financial system.

Founded in 2015, Airwallex has raised over US$800 million and now operates with a team of over 1,200 employees across 19 locations around the world.

Airwallex launched its online payment acceptance capabilities in Australia and Hong Kong in 2021, offering a range of integration methods, including payment links.

These unique or reusable links are generated and issued instantly for fast and seamless bill payments without businesses needing to host payment services on their own website.

Airwallex’s online card payment offering was first launched in the UK in 2020; extending this availability to Australian customers last year allows the company and its customers greater global reach.

The offering provides businesses with the means to seamlessly and securely collect Visa and Mastercard online payments from customers around the world.

It also allows businesses to choose from three different integration methods to enhance their digital payment strategy, ensuring that the offering meets the specific needs of their industry and business.

You can read more about the latest Airwallex integration with Xero here and connect with Airwallex on social media here.

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