The Hong Kong-headquartered fintech unicorn is looking to buttress Covid-hammered SMEs with cash initiatives and other non-cash schemes
Leading fintech platform Airwallex today announced a HKD 2.25 million (USD 286,650) initiative to support small and medium enterprises (SMEs) in Hong Kong. Over the next three months, Airwallex, together with a number of its local partners, will provide a series of exclusive offers to help businesses recover and reopen from the pandemic while managing costs.
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, making up 98% of the city’s business establishments and employing about 45% of the private sector workforce*. 
“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,” said Arnold Chan, Head of SME, Hong Kong & Singapore at Airwallex. “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.” 
Through this initiative, SMEs can open an Airwallex business account for free, and also enjoy zero transfer fee 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. 
Founded in 2015, Airwallex is one of the fastest growing financial technology companies, offering a suite of global payment solutions across Asia-Pacific, Europe and North America. In Hong Kong, Airwallex offers a wide-range of products and offerings, including its Airwallex Borderless Cards, online card payments solution and expense management platform.