Airwallex to acquire Viet IPS provider CTIN Pay

Airwallex plans to aid merchants in their overseas expansion.

Airwallex has signed definitive agreements to acquire CTIN Pay, a licensed intermediary payment service (IPS) provider in Vietnam.

This move deepens the global reach of Airwallex’s financial infrastructure. Airwallex's goal is to aid Vietnamese merchants in their overseas expansion, and facilitate international businesses to enter the Vietnamese market, according to a press release.

The acquisition expands Airwallex’s existing licences across major Asia-Pacific (APAC) markets, including Australia, Singapore, Hong Kong, Malaysia, New Zealand, mainland China, and Japan.