#VirtualAccounts / Deutsche Bank Now Enabling Airwallex to Provide Virtual Account Collections & API-Enabled Foreign Exchange Services in Japan & Hong Kong

… the solution will further allow Airwallex to seamlessly process and convert cross-border payments made to its merchants based in Greater China by using virtual accounts and API technology.

“Through these services, merchants using Airwallex will benefit from not needing to open bank accounts in the markets where their customers are based, thereby simplifying the entire payment process.”

[Airwallex] … is described as a foreign exchange market that makes and crosses border payments on Asia-Pacific markets. The company facilitates international money transfers through a combination of payment collection, foreign exchange, and local payment distribution.

https://www.crowdfundinsider.com/2020/07/164663-deutsche-bank-now-enabling-airwallex-to-provide-virtual-account-collections-api-enabled-foreign-exchange-services-in-japan-hong-kong/