World of Neopets fast tracks global payments and saves HK$200 per transaction
How Airwallex’s all-in-one Global Business account helps World of Neopets foster a network of top talents from around the world.
saved per foreign transaction
saved in FX rate
saved in global payment transfer time
World of Neopets Limited is a Hong Kong-based game development company. They are best known for building World of Neopets, which is a remake of the classic Neopets game.
As a global-facing company, World of Neopets works with game developers and suppliers from all around the world, and boasts an international customer base. They need an efficient expense management system that can facilitate and track global payroll and transactions seamlessly for them.
CEO of World of Neopets
“Airwallex has been a great supporter in enabling us to recruit team members from all over the world without worrying about the admin tools behind it.”
Challenge 1: Expensive foreign transaction fees and exchange rates
World of Neopets works closely with developers and suppliers based in different countries, which means they have to make frequent foreign transactions. However, these transactions were costing them a lot of money due to the high exchange rates and transaction fees charged by traditional banks.
Solutions & Results: Save up to HK$200 per foreign transaction using Airwallex’s Global Business Account
After opening a free Global Business Account with Airwallex, World of Neopets is able to easily make foreign transactions without incurring high fees. With their Airwallex multi-currency account, which offers competitive exchange rates and significantly lower transaction fees than traditional banks, World of Neopets is saving up to HK$200 for every foreign transaction and 1-3% on FX rates. This adds up to a significant amount of savings over time.
Challenge 2: Slow and delayed bank transfers
When World of Neopets was making global payments through traditional banks, it often took 2-3 days for their transfers to reach their recipients. This delay in time affected their cash flow and caused inconvenience to their suppliers. World of Neopets needed a solution that can provide fast and efficient foreign transaction services.
Solutions & Results: Make fast global payments with Airwallex
Using Airwallex, World of Neopets can transfer funds to their suppliers instantly, with no delay. Airwallex taps into a global network of local bank accounts, which enables them to offer fast and low-cost transfers. Their user-friendly platform also makes it easy for World of Neopets to manage their transfers and track their payments.
Operations Manager of World of Neopets
“Airwallex offers a lower currency rate for their foreign transactions. We can also pay like a local.”
Challenge 3: Stuck with time-consuming manual bookkeeping
World of Neopets relied on spreadsheets for manual bookkeeping, which was time-consuming and prone to human errors. They needed a more advanced expense management system that could integrate with Xero and streamline their auditing process.
Solutions & Results: Easy expense management using employee cards
Using Airwallex, World of Neopets can easily issue company cards for their employees within a few clicks. They can set up spend limits for each card and monitor employee expenses in real-time – eliminating the need for manual bookkeeping with just one step.
Airwallex also offers a seamless Xero integration for tracking and reporting employee expenses, which helps to further automate World of Neopets’s expense management process.
See how our customers are finding Airwallex
“Airwallex has been a game changer for all our banking needs. As a fast-growing startup, we need a scalable yet cost-efficient batch payment solution to pay our employees and vendors both inside and outside Hong Kong. Airwallex helps us save money on every bank transfer with their near-zero transaction fee and market-beating FX rates. We also use Airwallex’s multi-currency Visa cards for business travel expenses and SaaS subscriptions to avoid hidden bank fees that would otherwise have been difficult to spot. Would highly recommend other startups to get started with Airwallex!"
"Importing the best wine and sake overseas always involve extra costs on transaction fee & FX fee. With Airwallex, we saved 100% of our overseas remittance cost and we could provide the best price for our customers."
Co-Founder of MyiCellar
"Airwallex is an innovative fintech platform with a first-class customer support team. They transformed the previously painful process of creating corporate cards and managing business accounts into something simple, convenient, and cost-effective. The onboarding was quick and smooth, the security features exceeded our expectations, and most importantly, it is really easy to use. Airwallex saves a lot of my team's time and the simplicity is genius."
Interim CEO & Chief Financial Officer, PURE Group
"I’m so thankful that Airwallex exists! In Hong Kong, it's so hard to find financial service providers that are friendly to small businesses. Airwallex allows me to exchange currencies at really great rates, and the interface is very modern and easy to use compared to my bank. We save so much money with Airwallex! In just a few months, we've already saved more than HKD$78,000 in unnecessary fees!"
"Airwallex provides us with flexibility and cost savings on our international fund flows. We are using Airwallex to pay international suppliers and are saving up to 90% on transaction fees and FX verses traditional banks - thanks to their competitive exchange rate and low transaction costs."
“Airwallex's global payment solutions help us to save costs on international transaction fees & FX, fostering our mission to increase access to healthy period care that's better for our bodies and the planet.
Marketing and Development Director, LUÜNA naturals
“Airwallex has been great for our team - it makes payments and transfers so much easier, and has saved us significant amounts of time compared to what we were doing before with HSBC. Airwallex's platform is easy to use and very intuitive. Airwallex virtual card has solved most of our painpoints with sharing corporate card numbers and credit card limits. The best part is being able to save money on all our monthly bank transfers, and we've already saved thousands of dollars by using Airwallex. Airwallex's support has also been highly responsive to troubleshoot any issues in a timely manner.
Co-founder & COO, Forkast.News