Airwallex deepens APAC push with Indonesian payments acquisition

Airwallex has secured majority ownership of Skye Sab Indonesia, marking a significant enlargement of its regulatory footprint across Asia-Pacific and positioning the company to capture rising cross-border payment demand in one of the region’s most dynamic economies.

The acquisition gives the global financial platform a PJP Category 1 licence in Indonesia, allowing Airwallex to directly serve local merchants and international businesses entering the Indonesian market. For brands and SMEs aiming to scale globally, the integration offers access to Airwallex’s international financial infrastructure and a clear route to manage overseas expansion more efficiently.

The move follows Airwallex’s US$330 million Series G raise at an US$8 billion valuation, up roughly 30% from the previous round. The company has signalled that this capital will accelerate market growth, enhance its underlying infrastructure, and support its AI roadmap, including the development of specialised agents designed to speed up and automate financial workflows.

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“As AI lowers software costs, infrastructure and data become the ultimate differentiator,” said Jack Zhang, co-founder and CEO of Airwallex. “Airwallex connects the full spectrum of a customer’s financial operations - money in, money out, and everything in between - giving our agents the contextual data to execute with precision. This proprietary visibility, built on our scalable financial infrastructure, is what powers agentic finance.”

Indonesia has become a focal point for global financial players as the country pursues its 2045 Digital Vision - a roadmap to build a competitive digital economy with expanded access to services and stronger innovation ecosystems. With over 64 million SMEs contributing to national economic activity, demand for seamless and affordable cross-border payment solutions has grown sharply.

Airwallex’s entry aligns with this trajectory. The company’s global infrastructure, combined with Skye Sab Indonesia’s local capabilities, is expected to give businesses greater clarity and control when selling overseas or streamlining collections and payouts.

“This acquisition marks a significant milestone for Airwallex as we continue building a truly global financial platform. Indonesia’s fast-growing economy and vibrant SME sector present immense opportunities. Our goal is to tackle the financial challenges faced by businesses in Indonesia, empowering them to expand beyond borders,” Arnold Chan, general manager for APAC at Airwallex, said.

Airwallex has reported sustained growth across Southeast Asia, with Q3 2025 revenue in the region rising 108% year-on-year and transaction volume increasing 94%. Globally, annualised revenue has surpassed US$1 billion, with annualised transaction volume reaching US$235 billion.

Establishing a direct presence in Indonesia extends the company’s operations across key APAC markets including Australia, China, Hong Kong, Japan, Malaysia, New Zealand, South Korea, Singapore and Vietnam.

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