World monetary platform Airwallex is shifting into the billing area with its acquisition of OpenPay, including subscription administration and income analytics to its world platform. Monetary phrases of the deal weren’t disclosed.
Airwallex’s billing providers will likely be out there for each new and current prospects within the fourth quarter of 2025.
The acquisition brings OpenPay’s billing and analytics instruments into Airwallex’s world platform, strengthening its place in opposition to opponents akin to Stripe Billing and Recurly.
OpenPay’s expertise consists of good cost routing, AI-driven retention instruments, real-time insights and subscription administration for tiered, usage-based and flat payment fashions.
Demand for hybrid and usage-based billing, tied to product consumption relatively than mounted pricing, is rising amongst AI and different consumption-led companies.
Airwallex mentioned the brand new options will assist multicurrency billing at a time when demand is predicted to extend.
The worldwide subscription economic system is projected to surpass US$1 trillion by 2030.
“Most billing methods are locked previously, they have been by no means designed for a worldwide, multi-currency world. That’s the hole we’re closing. By bringing OpenPay’s subscription administration, orchestration, and analytics capabilities into Airwallex, we’re creating the primary really world billing platform.
The OpenPay workforce brings deep technical energy and a shared conviction in our imaginative and prescient, and we’re thrilled to have them on board as we assist companies scale seamlessly throughout borders.”
mentioned Jack Zhang, Co-founder and CEO of Airwallex.
“We began OpenPay to unravel the complexity of recurring income administration. We envisioned a better, extra intuitive platform that empowers subscription companies to scale with out boundaries.
In Airwallex, we discovered a accomplice who shares our imaginative and prescient, our DNA and has the worldwide attain to use our work at scale. We’re very pleased with what we’ve constructed and excited for our subsequent chapter as we accomplice with Airwallex to set a brand new commonplace, making a paradigm shift in world funds.”
mentioned Lance Co Ting Keh, CEO of OpenPay.
Featured picture: Edited by Fintech Information Singapore, primarily based on picture by yogiermansyah22 through Freepik
