Best Airwallex Alternatives for Business Payments in 2025

Airwallex is a versatile global financial platform that helps businesses perform a range of everyday financial tasks seamlessly. From expenditure and expense management to international wire transfers, Airwallex is supposed to streamline operations and tackle the challenges that companies face head-on.

Despite Airwallex being a reliable financial tool, some businesses are always looking for more, and therefore, they may choose to seek out alternatives. This guide intends to give you the lowdown on some of the best global business payment platforms out there if you wish to scale up and grow your business.

What is Airwallex?

Overview of Airwallex

Airwallex is a multinational fintech company based in Singapore. It empowers businesses of all sizes to grow naturally with an all-in-one solution for managing international payments. Unlike traditional banks, Airwallex claims to offer faster settlements and better exchange rates.

Its mission is to create a global economic infrastructure that makes international business as easy as local business. Airwallex claims that businesses can save up to 80% on FX costs compared to banks and other payment platforms, even though many offer similar options

Key Features & Business Use Cases

Airwallex provides a full suite of online banking tools, and these are some of the core features you can expect:

Payment Links & Plugins - Accept online payments from customers worldwide in 40+ currencies across 180 countries.

Expense Management - Track and approve employee spending in real time. Get visibility over money flowing in and out, and save time on manual reimbursements.

Payment API - Airwallex’s API allows you to automate payment processes and embed them directly into your business platform or application.

Batch transfers - Airwallex can pay up to 1,000 recipients in one go.

Visibility - Airwallex offers complete visibility of your cash position, with real-time updates and delivery estimates.

E-commerce plug-ins - You can connect with Airwallex to popular e-commerce platforms, such as Woo and Shopify.

Limitations of Airwallex for Some Businesses

Airwallex does not support certain industries, and although it is often compared to platforms such as Stripe, it lacks some of the same functionality. For example, Stripe enables merchants to request tokens for secure data migration, a feature not natively supported by Airwallex, which may be limiting for businesses with recurring billing models.”

Although not necessarily a dealbreaker for transactional business, firms that use a subscription-based model feel the effect. In addition, Airwallex only operates online, and therefore doesn’t support ATM withdrawals.

Why Businesses Look for Alternatives to Airwallex

Airwallex is widely regarded for its speed, global reach, and competitive FX rates, but it's not a perfect fit for every business. Depending on the sector, size, and operational needs, some businesses may look for alternative platforms that offer greater flexibility, industry support, or specific technical capabilities.

While Airwallex suits many SMEs and digital-first companies, others may encounter limitations as they scale or operate across complex financial environments. Below are key reasons why businesses might seek alternatives:

Pricing transparency

Airwallex advertises savings of up to 80% on FX fees compared to traditional banks, but pricing transparency can still be an issue for some users. The platform does not publicly disclose a complete fee schedule, and the exact markup on currency conversion is often only visible post-transaction. Businesses that operate on tight margins or in high-volume international trade scenarios may prefer providers with clearer, flat-fee structures or real-time cost previews.

Integration Limitations with ERP and Accounting Platforms

While Airwallex supports integration with platforms like Xero, some businesses require deeper or bi-directional integrations with complex ERP systems (for example, NetSuite, SAP, or Oracle). Competitors may offer better API flexibility that reduce the need for manual reconciliation and allow real-time syncing with core business systems.

Limited Scalability for Complex Financial Operations

While Airwallex is well-suited to SMEs, it may fall short for businesses with more complex financial needs, such as treasury management, liquidity planning, or multi-entity operations. Alternatives that cater specifically to these areas tend to be more attractive to growing or international firms.

Subscription Management

Unlike some competitors, such as Stripe or Braintree, Airwallex does not natively support subscription management or tokenisation for recurring billing. This makes it less suitable for SaaS companies and other subscription-driven businesses that require advanced billing logic, customer tokenisation, and automated invoicing. In these cases, platforms offering native recurring billing and payment retries are more attractive.

Shift in Product Focus Towards Embedded Finance

Airwallex has been shifting its focus toward embedded finance, prioritising infrastructure tools that let other platforms build financial features. While this aligns with broader fintech trends, it also means a reduced emphasis on treasury and financial operations, capabilities that originally attracted many mid-sized businesses. As Airwallex changes its scope, companies needing robust, in-house financial management are turning to platforms that continue to invest in these operational tools.

To get a clearer understanding of why businesses are leaning towards Airwallex alternatives, it’s worth examining each of the aforementioned financial platforms in greater detail.

Fyorin

What it offers: Fyorin is a financial operations platform designed for growing, internationally-focused businesses that need more than just a payment solution. It addresses many of the operational limitations companies face with Airwallex, such as limited treasury functions, inflexible integrations, and lack of scalability for complex finance teams.

Fyorin brings together global payments, multi-currency accounts, automated payables, and automated reconciliation into a unified platform. Unlike Airwallex, which is increasingly moving toward embedded finance, Fyorin continues to invest in core financial operations, making it well-suited for companies that need control, visibility, and automation across their financial workflows.

The platform also offers both multicurrency virtual and physical cards, complete with spend management, automated approval workflows, and cashback features.


Pricing & Fees: Fyorin doesn’t have a fixed pricing structure; rather, it is based on a combination of fees and costs that are influenced by exchange rates.

Strengths & Weaknesses: Fyorin’s two-way system integration with tools like Xero, Sage and NetSuite, along with its ability to handle 100+ currencies, makes it a powerful choice for financial teams seeking seamless reconciliation and improved cash flow management. The main limitation may lie in scalability for highly customised enterprise setups, but for most growing businesses, the platform delivers strong flexibility and performance.

Fyorin vs Airwallex: While Fyorin and Airwallex both equip businesses with the ability to conduct international wire transfers, there are a few differences. Firstly, Fyorin is better at diversifying liquidity risk thanks to their Network of global financial institutions. Secondly, it also offers cashback on card transactions as well as high-value cards, making it easier to track employee expenses.

Best for: Fyorin’s strengths best suit scaling businesses with multi-entity finance operations, SaaS,digital-first companies, and any firm that needs automated, transparent, and scalable financial control.

Revolut

What it offers: Revolut positions itself as a global business platform, but like Airwallex, it is an EMI. However, you can request payment and make transactions in 30+ currencies across 100+ countries.

Apart from carrying out global payments through SEPA, ACH, and BCS, Revolut also specialises in expense management. Businesses can set up spending controls, and through the Revolut app, you can snapshot receipts and assign categories to get a great overview of your cash position.


Pricing & Fees: As an Airwallex alternative, Revolut has a tiered business plan to suit companies’ different needs, but they come with different limits and fees. The Basic, for example, gives you the essentials, such as accepting and making online payments, while the top package (Enterprise) customises allowances for transfers, which in turn enables you to receive specialised account management.

Strengths & Weaknesses: The clean mobile experience, easy to setup, and generous card issuing limits are all qualities associated with Revolut. However, for growing businesses it is very limiting, as it does not offer automation for payables, receivables and payroll, and no support for Cash & Treasury Management, especially for multiple entities.

Revolut vs Airwallex: While Airwallex has higher subscription fees, it is a bit more flexible than Revolut when it comes to card usage and allocation. However, Revolut will let you keep more currencies in your account, and it has more support channels. Users can get in touch by making the most of the 24/7 in-app chat facility 365 days a year, so your queries are dealt with immediately.

Best for: Businesses just starting out, and who don’t want to go through the hoops of opening up a traditional business account. That being said, there are many Revolut Business alternatives.

Equals Money

What it offers: Equals Money serves as a multicurrency spending solution. Like Airwallex, it works as an alternative to a traditional bank, removing issues relating to onboarding, regulations, and licensing.

Among its key capabilities, it includes multicurrency IBANs as well as specialist FX trading tools, such as bespoke and limit orders. Expect integrations with Xero or Concur to synchronise data from corporate cards, helping you keep a real-time overview of your data.


Pricing & Fees: The Equals Money pricing structure is mainly based on card usage. So, for example, the Business Tier is the cheapest option, while the Enterprise Tier is the more high-brow package. Here, you can use it in 21 major currencies and have unlimited platform users.

Strengths & Weaknesses: Apart from having a global footprint, Equals Money is renowned for international payments, and a 3.5% cashback on virtual cards. One of the shortcomings of Equals Money is upload issues, where some users have experienced difficulties with statement downloads.

Equals Money vs Airwallex: Equals Money, like Airwallex, is good for all businesses looking to manage payments across borders. Both provide APIs to integrate banking, but Equals Money is more experienced in customer support.

Best for: SMEs needing real-time expense tracking and employee card control across teams.

Finmo

What it offers: Finmo classifies itself as a treasury operating system for global companies, mostly working in APAC. They are great at simplifying payments and automating treasury functions. Payments, FX, integrations, and Treasury management are the main tools that Finmo are known for.

Pricing & Fees: Finmo has a tiered subscription and custom pricing, but these aren’t disclosed.

Strengths & Weaknesses: Finmo is great for institutional FX pricing and transaction cost analysis. Arguably, it comes down to not offering expense management or cards, which gives other platforms a competitive edge.

Finmo vs Airwallex: Finmo and Airwallex serve similar purposes in terms of helping companies optimise liquidity. Their main difference is that Finmo’s primary focus is to collect local payments in real-time using methods like virtual accounts and QR codes. Airwallex, on the other hand, provides more of a comprehensive financial infrastructure for international business accounts.

Best for: Businesses looking for real-time local collections using tools like virtual accounts and QR codes, reducing friction in cross-border payment flows.

Tipalti

What it offers: Tipalti offers automated accounts payable, receivable, spend management, and other solutions to help businesses streamline their operations. Tipalti is built for complex, high-volume accounts and processing bulk payments.

Pricing & Fees: Tipalti’s pricing plan starts from £99 per month, but additional fees can be added on top of the monthly subscription.

Strengths & Weaknesses: Tipalti is valued for automating and streamlining invoice collection, however, it is limited for reporting. Only a handful of standard reports are available through the platform, which is a drawback for users who require more advanced analytics.

Tipalti vs Airwallex: Like Airwallex, Tipalti focuses on supplier payments and vendor management, but implementation can be more time-consuming, with additional set-up fees, especially for international payments.

Currenxie

Currenxie is a one-stop international platform, serving as a Money Service Operator and an EMI. It is catered to a diverse clientele, including e-commerce businesses and SMEs, and is therefore useful for remittance. Currenxie charges fees for sending and receiving SWIFT payments, and there are also monthly fees to be paid.

Mercury

Mercury has a stronger focus on US start-ups, and therefore mainly operates in dollars. This fintech company is known for venture debt funding services and APIs, bolstering businesses with a tech-driven banking experience. Signing up for a Mercury account is free, however, the platform charges a 1% currency exchange fee.

ZA Bank

ZA Bank is a digital bank, providing versatile multi-currency services and financing solutions. It supports local payments in 12 currencies, and it will normally charge a nominal 1.95% transaction fee for its ZA card. Often, for businesses, the monthly fee is waived.

OneSafe

OneSafe has been specifically designed for businesses operating in the Web3 and crypto sectors, offering borderless transactions. Its end-to-end expense and payroll management, along with excellent customer support, make OneSafe stand out. OneSafe lets customers make free worldwide payments, and there are three account models. The C24 smart account is free to use.

Aspire

A financial operating system for modern businesses, Aspire resembles Fyorin as it is a unified platform which integrates your workflow with a connected ecosystem, and you can earn unlimited cashback with card spending on digital marketing and SaaS. Aspire has no payment fees, and it is free to set up.

Braintree

Braintree is a global payment gateway that helps businesses accept and manage online transactions. It offers end-to-end checkout experiences, supporting credit cards, PayPal, and digital wallets. Braintree’s pricing is based on the volume of transactions, starting from 2.9% for standard transactions.

Dwolla

Dwolla helps transform your payments stack, improves cash flow, security and policyholder experience. It has one pricing edition, and you can try out Dwolla for free before committing to a subscription.

Adyen

Adyen is known for embedded finance, and its unified platform gives businesses the freedom to accept payments, protect revenue, and control their businesses. There is no setup fee, so you can pay per transaction without incurring monthly fees.

Global Transfers

When selecting an Airwallex alternative, it's important to consider how well the platform supports international operations. For example, Fyorin enables businesses to establish a virtual financial presence in over 200 countries and enables access to more than 100 currencies. This level of global coverage is particularly useful for software and e-commerce companies that need to manage payments across multiple regions efficiently.

Recurring invoices

Businesses need a system they can trust to pay recurring invoices for subscriptions and services such as marketing or IT. If you’re using a proper business, the Airwallex alternative should do the heavy lifting for you and cut out the manual work.

FX

When it comes to international money transfer tools, you will want to use a platform that has zero holding periods, and ideally, rates that are competitive but not too volatile. With Fyorin, for example, you can reduce currency exposure by using local payment rails and maintain visibility of your cash position across institutions and jurisdictions.

Accounts Payable

You will want to be able to pay global accounts from one place. With Fyorin, you can aggregate financial data and enable faster, more reliable payments across entities. This helps build supplier trust and support international growth without adding operational friction.

Spend management

When evaluating alternatives to Airwallex, consider whether the platform provides both physical and virtual expense cards for employees. These features can streamline spend control across teams. Some providers also enable businesses to unlock working capital and transfer funds between internal accounts without incurring additional fees.

Developer APIs

When assessing alternatives to Airwallex, it is important to consider not just the availability of APIs, but also the ease of implementation. Look for platforms that offer modern, well-documented APIs designed to streamline financial operations. The APIs ideally also support connections across multiple subsidiaries, currencies, and financial institutions. Some competitors leverage Open Banking technologies, which facilitate real-time data synchronisation and can significantly reduce dependency on internal IT teams during integration.Two great Airwallex alternatives for API integrations are Fyorin and Tipalti.

Airwallex may be a reliable option, but it’s not a one-size-fits-all solution, and there are other alternatives to try out there. Ultimately, you have to think about scaling your business and picking a platform that best fits your needs and goals. The pointers outlined in the guide should act as a checklist.

Some platforms, such as Fyorin, are more all-encompassing. This applies to providing integrations, flexibility, and automating payments. It has a broader global footprint, and more businesses are relying on Fyorin to handle their operations.

If you’re interested in finding out more, request a demo to explore how Fyorin can streamline your financial operations.

What are the best Airwallex alternatives?

Businesses aren’t restricted in terms of Airwallex alternatives. Fyorin tops our list given its comprehensive financial solutions platform which includes automated payables. Revolut, meanwhile, also has a significant global footprint and offers in-app support for treasury managers. Ultimately, you have to choose a platform that best fits your needs.

Is Airwallex a bank?

Airwallex is a licensed Electronic Money Institution (EMI), regulated by financial authorities such as the Financial Conduct Authority (FCA) in the UK and the Dutch Central Bank. As a fintech provider, it partners with banks to offer services including multi-currency accounts, money transfers, foreign exchange, and payment acceptance.

Is Wise better than Airwallex?

Wise and Airwallex are both trusted options. However, Airwallex is a more complete end-to-end global financial platform, aimed at helping mid-market companies manage complexity across borders. Airwallex is more extensive for collections and payouts worldwide, and offers top-tier FX rates.

What’s the best tool for global business payments?

The best tools for global business payments support high transaction volumes, multiple currencies, automation, and seamless integrations. Fyorin aims to address these needs through a single platform that offers multi-currency payments, real-time visibility, and API-driven workflows.

Why would I need an alternative to Airwallex?

You may require an alternative to Airwallex if your business has specific features that it requires. For example, you may want to look beyond Airwallex if you’re looking for better spend, ERP integrations, and automation tools to take your company to the next level. Airwallex isn’t a one-size-fits-all solution.