This page describes the Airwallex entities used to facilitate money movement in Global Treasury.
By registering and integrating with Airwallex, you can leverage our products to manage your own funds or your customers' funds (with consent) using connected accounts, e.g., create Global Accounts for your customers to receive funds, and retrieve transaction details for them.
The conceptual diagram below illustrates the high-level information flow, fund flow, and our capability offerings.
Global Accounts enable your customers to receive bank transfers into and authorize direct debit payouts from the Wallet in a region and currency of choice. You can create multiple Global Accounts programmatically without complex application processes or approval delays. After creating a Global Account, you will receive bank account information such as an account number, bank code/routing number, account name, account type, and bank name/location. Your customers can share these details with their payers so they can send bank transfers to the account, or with their recipients and authorize direct debit payouts.
Note that Global Accounts only act as conduits to receive funds or for direct debit payouts, and do not hold balances. Balances across various currencies will be held securely in the multi-currency Wallet.
In regions where we provide Global Accounts with capabilities to receive bank transfers and authorize direct debit payouts, you will be able to build an experience for your customers to operate just like a local business using a local bank account, but powered by a more automated online experience. To learn about supported regions, currencies and capabilities of our Global Accounts product, see Supported regions and currencies.
Global Accounts allow you and your connected accounts to receive bank transfers via local payment methods and/or SWIFT from you, your customers, other parties and various platforms such as Amazon and Google.
All funds received from payments made to Global Accounts will be settled directly into the Wallet. For example, if you receive sales proceeds from your customers with Global Accounts and would like to pay your suppliers, these sales proceeds are first settled into your Wallet in order to fund your supplier payments (incl. fees). See Receive bank transfers to Global Accounts for a step-by-step guide on how to implement solutions for your own business use cases.