Hong Kong – Fintech platform Airwallex has launched an SME support initiative worth HK$2.5m, where they will provide a series of exclusive offers to help businesses recover and reopen from the pandemic while managing costs.
Through this initiative, SMEs can open an Airwallex business account for free, and also enjoy HK$0 transfer fees for international payments to 60 destinations. Customers will also be able to enjoy exclusive subscription fee discounts, rebates and other perks through Airwallex’s local partners including Boutir, Bowtie, GOGOX, Google Ads, Google Workspace, SleekFlow, Xero and YOOV.
Arnold Chan, head of SME for Hong Kong and Singapore at Airwallex, said, “SMEs are the backbone of Hong Kong’s economy, and in the months ahead, many of these businesses will continue to face challenges in managing their financials and cash flows.”
He added, “As the pandemic situation continues to impact local businesses, we hope that by doing our small part, we can help local businesses power through these difficult times and facilitate their path to recovery. With support from our partners, our offers aim to provide a more convenient and cost-efficient solution for making cross-border payments.”
The initiative comes as Hong Kong SMEs continue to combat the coronavirus related economic disruptions, and are experiencing numerous hurdles as they try to recover and rebuild in the wake of the pandemic. With over 340,000 SMEs operating in Hong Kong today, these businesses serve as vital economic engines for the city.
Airwallex had recently partnered with Hong Kong-based investment company Choco Up to support the future growth of cross-border e-commerce in the region, as well as expanding its services in Singapore.
