Digital & Technology

Airwallex forms Strategic Partnership with Cathay

Global FinTech platform Airwallex has announced its strategic partnership with Cathay, offering Asia Miles that will support Airwallex's continued growth in the city as it looks to provide greater benefits for its business customers in Hong Kong and beyond.

Airwallex customers in Hong Kong can now redeem Asia Miles (“Miles”) through various initiatives. Asia Miles is Asia's leading travel and lifestyle rewards programme, in which members can earn miles that can be used to redeem a wide range of offerings beyond travel. This includes unique dining experiences, access to local events and festivals as well as exclusive retail offerings, Airwallex said in a press release.

For Hong Kong businesses, a one-time “Welcome Award” of 5,000 Miles will be immediately awarded upon their successful sign-up with Airwallex*. Upon successful sign up, they will also be entitled to redeem Miles for every FX transaction made, and earn up to a maximum of 15,000 Miles. As part of the partnership, Airwallex will look to launch more rewards initiatives for its customers in due course.

“Recognising the impact of Covid-19 on the operations of every single business in Hong Kong, our priority is to find ways to better support those businesses by encouraging Hong Kong companies to more readily embrace innovative technology,” said Kai Wu, Greater China CEO at Airwallex. “We are delighted to form a partnership with Asia Miles as we look at ways to drive a wider adoption of tech-led solutions that can enhance transparency, cost-efficiency and convenience, empowering local businesses to grow without borders.”

Paul Smitton, Director, Customer Lifestyle and CEO of Asia Miles at Cathay said, “We are thrilled to unveil our partnership with Airwallex, who've proven to be an innovator in the foreign exchange market. Furthermore this is another great example of how Asia Miles for Business supports enterprises of all shapes and sizes.”

Airwallex is one of the fastest growing financial technology companies today, reports the firm, with a vision to become the global financial cloud for businesses to operate anywhere, anytime. Founded in 2015, Airwallex currently operates across 12 offices with a team of over 900 employees.