Airwallex acquires majority stake in PT Skye Sab Indonesia

Indonesia – Airwallex has taken majority ownership of PT Skye Sab Indonesia, a PJP Category 1 licence holder, marking its latest move to deepen its presence in the Indonesian market.

The acquisition enables Indonesian merchants expanding overseas to leverage Airwallex’s global financial infrastructure, while also supporting international businesses seeking entry into Indonesia. According to the company, the strengthened combined capabilities aim to help businesses better manage cross-border financial operations and scale more efficiently.

PJP, or Penyedia Jasa Pembayaran, refers to payment service providers regulated by Bank Indonesia. A Category 1 licence allows providers to conduct the full suite of PJP activities, including account information services, payment initiation and acquisition, account issuance, and remittance services.

Airwallex said Indonesia’s fast-growing digital economy and progress toward its 2045 Digital Vision make the market a key opportunity for expanding its regional platform. The acquisition also builds on the company’s footprint across major Asia-Pacific markets, including Australia, China, Hong Kong, Japan, Malaysia, New Zealand, South Korea, Singapore and Vietnam.

The announcement comes shortly after Airwallex raised US$330 million in its Series G round at an US$8 billion valuation, marking a roughly 30% increase from its previous round six months earlier.

Jack Zhang, co-founder and CEO of Airwallex, said, “As AI lowers software costs, infrastructure and data become the ultimate differentiator. Airwallex connects the full spectrum of a customer’s financial operations—money in, money out, and everything in between—giving our agents the contextual data to execute with precision. This proprietary visibility, built on our scalable financial infrastructure, is what powers agentic finance.”  

Arnold Chan, general manager for APAC at Airwallex, added, “This acquisition marks a significant milestone for Airwallex as we continue building a truly global financial platform. Indonesia’s fast-growing economy and vibrant SME sector present immense opportunities.  Our goal is to tackle the financial challenges faced by businesses in Indonesia, empowering them to expand beyond borders.”