Airwallex, the Revolut alternative for growing Kiwi businesses

Revolut isn’t available to New Zealand businesses, but you can still get an account packed with features and competitive fees to support your growth.

The Airwallex Business Account is a multi-currency account with low-cost FX, physical and virtual Corporate Cards, accounting integrations, expense management, payment gateways, and more.

With Airwallex, you can grow globally without barriers. Find out ‌why we are becoming the Business Account of choice for Kiwi businesses.

Your location
NZNew Zealand
Estimated monthly transaction volume
NZNZD
Expected transactions per month
Market you are selling in
For simplicity, we assume that international sales are in a foreign currency and converted to your home currency. Domestic sales are assumed to occur in your local currency.

3 reasons why businesses choose Airwallex as a Revolut alternative

Global reach with a multi-currency account

The Airwallex Global Account lets you receive funds from 70+ countries and open local and foreign currency account details in 21 countries. You also benefit from like-to-like settlement with Airwallex, so you can settle payments in the same currencies you receive them in your multi-currency wallet.

Low-cost, fast FX and transfers

Convert at market-leading interbank rates for major currencies, with 60+ currencies trading at interbank rates with built-in rate alerts. For transfers, pay out to over 200 countries, including 120+ leveraging cost-effective local rails.

Do more on one platform

Airwallex is an all-in-one financial platform to help your business grow globally without borders. Open multi-currency virtual cards and issue them instantly globally; earn on your idle AUD and USD funds with Yield; and get real-time visibility and control over employee spending, globally, with expense management.

Cut FX fees: Save more with like-for-like settlement

Save on payment processing fees and avoid costly currency conversions with like-for-like settlement. For example, a New Zealand business can transact in GBP and settle those funds directly into a local GBP account, without having to convert the funds to NZD and pay foreign exchange (FX) fees. This GBP balance can then be used to pay UK suppliers, further cutting FX fees.

With Airwallex, businesses can settle payments like-for-like in 14+ major currencies using its built-in multi-currency wallet, without any forced FX conversions. Most of the Big Four banks in New Zealand don't offer foreign currency accounts, so if you have a traditional business bank account you will need to rely on FX conversions.

No more bank queues, paperwork, or needless fees

Instantly tap into leading global coverage across currencies and markets, world class security, fast onboarding, award winning customer support, and integrations with other popular platforms like Xero, Amazon, and Shopify.

countries where you can collect funds like a local

countries from which you can accept payments

countries to which you can make transfers

93%

transfers arrive within the same day

Get more features to grow globally with Airwallex

A single Airwallex Business Account gives businesses access to local bank details, allowing them to operate like a local business and accept payments in 20+ currencies.
Plus, businesses can go beyond what the big four traditional banks offer with Airwallex. Consolidate financial operations – from global treasury to payments, FX, transfers, and expense management – all on one platform.

Features

Airwallex

Traditional banks

Multi-currency account and local banking details

✅ Yes, you can open local accounts in 20+ countries and collect funds from 70+ countries

Varies, for example, Westpac offers a Foreign Currency Account for businesses, but ASB does not.

Like-for-like settlement

✅ Yes, with Airwallex’s multi-currency wallet

Online payment acceptance

Extensive payment options including payment links, invoices, QR codes, eCommerce plugins, web-hosted checkouts, and fully customisable payment APIs.

Some options with banks like Westpac that offers POS terminals, eCommerce payment gateways, and payment links.

Multi-currency corporate card

Expense management

Save on transaction and FX fees with Airwallex

Fees

Airwallex

Traditional banks

0% domestic transaction fees

✅ All transactions

❌ Fees can apply for online and in-branch transactions

0% international transfer fees

✅ Yes, when sending funds via local payment rails in 120+ countries

❌ Multiple fees can apply including sending fees, correspondent bank fees, receiving fees, in-branch fees, and cancellation fees

International card fee

No fee when spending directly in major currencies from Airwallex’s multi-currency wallet

Typically 2.5–3.5% for non-NZD transactions

FX conversion fee

Interbank rate + transparent fee of 0.5–1%

Interbank rate + undisclosed markup (typically 3–6%)

Airwallex Testimony

"The fees are significantly lower across most of Airwallex’s financial products, and everything is done with super-fast speed. For us, if we’re sending funds to Hong Kong or China for example with Airwallex, they’ll usually arrive the same day or the next day. Your bank could never achieve that."

Jack Grace

Founder, Lux Skin

Airwallex Testimony

“Coconut Bowls very quickly attracted global attention and we began making sales in USD, GBP and Euro. Before Airwallex, we were making unnecessarily expensive conversions. Our margins have easily increased by 3% simply by switching to Airwallex.”

Jake McKeon

Founder, Coconut Bowls

Airwallex Testimony

“We have contractors based in China, the US, and Europe, and our Airwallex Global Account enables us to make global payments from one simple portal. Having Airwallex as our global trusted partner means we can spend less time on the phone to the bank, and more time instead focusing on growing our business both domestically and internationally.”

Richard Li

Co-founder & CEO, July

Airwallex Testimony

“Airwallex is our one-stop shop for all our banking needs, in one easy-to-use interface. Without Airwallex, we would not have been able to scale our business as fast as what we’ve been able to achieve.”

Andrew Ford and Rosa-Clare Willis

Co-founders, Crockd

Airwallex Testimony

"Airwallex solves the problem of creating currency accounts almost instantly. I can click one button to create a UK account. We haven’t looked back since day one."

Peter Park

Business Improvement Manager, Deliciou

Airwallex Testimony

"You’re crazy not to try Airwallex, especially if you are dealing with foreign currencies. It is easy to sign up, get verified, and test it with little risk."

Adam Ingles

Finance Manager, Qwilr

Airwallex Testimony

"These small percentages here and there add up over time with a real bottom line impact. When I see the rates are good, I’ll convert my AUD into USD, knowing that I’ve saved money that I can re-invest into the business in the long-run."

Andy Worley

Co-Owner & Director, Sheet Society

Airwallex Testimony

“Like many high growth businesses, you’re dealing with multiple currencies. Now, with Airwallex we’re using the one platform to make multiple currency payments.”

Hai Trang

Virtual CFO, Orbitkey

Airwallex Testimony

"We wouldn’t have been able to move internationally without Airwallex."

Anna Ross

Founder and Managing Director, Kester Black

Frequently asked questions

Is Revolut Business available in New Zealand?

No, Revolut Business is not available to businesses in New Zealand. Only the Revolut personal cards and accounts are available.

What alternatives to Revolut Business are there in New Zealand?

There are several alternatives to Revolut Business in New Zealand, including Wise Business, Emerge, and the Big Four banks. However, Airwallex stands out for its multi-currency Business Account, like-for-like settlement, low-cost FX, physical and virtual Corporate Cards, Yield account, payment acceptance, and more.

Who can open an Airwallex account in New Zealand?

Most New Zealand businesses are eligible. You’ll need an active NZBN, a valid ID for all directors or beneficial owners, and basic registration documents.

How can an Airwallex account help my business?

An Airwallex account can help you do more on a single platform. In addition to accepting payments from your international customers in their preferred currency and local payment methods to improve acceptance rates, you can also store those funds without forced conversion. Then, spend the funds later in the same currency (for example, to pay global suppliers and employees) without being subject to unnecessary conversion fees. You can also access a full suite of spend management tools, issue multi-currency cards, and access interbank FX rates – all in one intuitive platform.