Airwallex, a global financial platform for modern businesses, announced the full launch of Airwallex Yield in Hong Kong.
As the global payments group to receive a licence from the Securities and Futures Commission of Hong Kong (SFC) to provide asset management services, Airwallex is empowering businesses “to earn competitive returns up to 3.97%1 on their multi-currency balances – with no minimum lock-up period required.”
Arnold Chan, General Manager, Asia-Pacific, Airwallex said:
“We’re excited to announce the full launch of Airwallex Yield to businesses in Hong Kong. We’ve seen growing demand from businesses looking for more effective ways to maximise the value of their capital. In today’s dynamic market environment, businesses are actively seeking ways to make their capital work harder. Airwallex Yield gives them a seamless and flexible way to earn returns on their balances, all from within the Airwallex platform. We’re not just looking to help businesses make the most of their surplus balances – we also want to encourage them to bring new funds to Airwallex because of the value Yield provides.”
By integrating Yield into the Airwallex platform, businesses can now streamline their financial operations by “managing their working capital and surplus funds in one place.”
This strengthens Airwallex’s end-to-end business account value proposition – from payments and treasury to investment – “enabling companies to operate more efficiently while earning returns on idle funds.”
Airwallex Yield, a low risk-rated discretionary portfolio management service, aims to generate returns “from exposure to highly-rated money market instruments provided by some of the world’s leading investment firms.”
In Hong Kong, Airwallex has initially partnered “with J.P. Morgan Asset Management, leveraging their expertise in managing investments in money market instruments.”
Kheng Leong Cheah, Head of Global Liquidity Sales, Asia Pacific, J.P. Morgan Asset Management:
“We have been supporting Airwallex in Australia since 2023 and we are delighted to expand that to Hong Kong. This will extend our multi-currency liquidity management capability to Airwallex’s innovative platform, enhancing their financial capabilities.”
Key benefits of Airwallex Yield include:
- Opportunity to generate returns from leading money market instruments: Yield’s strategy is to focus on high quality, short-duration investments.
- Earn on multiple currencies: Grow your multi-currency balances without the need to open multiple bank accounts.
- No lock-up periods: Businesses can move funds between their cash balance and Yield account anytime to meet their needs.
This flexibility means businesses can consolidate “more of their working capital within Airwallex and benefit from the ease of accessing high-liquidity returns directly from their business account.”
Airwallex Yield has been in beta for the past few months, “offered to select Hong Kong businesses to optimise the experience ahead of this broader rollout.”
It currently has over $85 million in funds under management.
With today’s full launch, all eligible Hong Kong businesses “can now sign up for an Airwallex Yield account.”
Airwallex Yield is offered through Airwallex Capital Hong Kong Limited, which is licensed by the SFC to “carry out regulated activities including asset management.”
The launch builds on Airwallex’s commitment to “expanding its financial services offerings across the region.”