The integrated tool will allow Airwallex’s American clients to safely authenticate their bank accounts. Credit: Airwallex.

Australian fintech firm Airwallex has teamed up with Plaid, a data network that power digital financial ecosystem, to deliver a solution that will consolidate automated clearing house (ACH) payments in the US.

The integrated solution will allow Airwallex’s American clients to safely authenticate their bank accounts.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Airwallex’s direct debit offerings will use these authentications to add funds to the users’ Airwallex wallet from an outside bank account.

Merchants can also use the verifications to accept payments from their customers who are part of Airwallex’s payment acceptance network.

Airwallex global head of partnerships and general manager for Americas Ravi Adusumilli said: “Through this integration, customers can authenticate the payers’ bank accounts without the complexity and time that usually comes with traditional ACH processing.

“Enabling a more seamless customer experience like we are with Plaid is exactly why Airwallex was built.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“We are providing easier access to a global financial infrastructure, and can in turn, empower businesses to operate anytime, anywhere.”

With a workforce of 1,300 people, Airwallex currently has operations throughout Asia-Pacific, Europe and North America.

Last month, the firm announced a partnership with buy now pay later (BNPL) company Atome to enable merchants in four Asian nations to accept BNPL payments.

Plaid head of partnerships Tamara Romanek said: “The digital financial ecosystem is all about enabling faster, easier, and more secure ways to move funds.

“Partners like Airwallex ensure that customers have a seamless and safer way to make ACH transfers for account funding.”