PURE Group streamlines global operations with multi-currency corporate cards
Airwallex’s multi-currency Visa corporate cards is the game-changing tool for PURE Group to maximise productivity and minimise operational costs.
virtual corporate cards
transaction fees on international card payments
supported by Borderless Card
PURE Group is a global fitness and lifestyle brand behind PURE Fitness and PURE Yoga. The group has studios across the world's major cities including Hong Kong, Singapore, Beijing, Shanghai and New York.
With more fitness and wellness centres popping up around the globe, PURE Group needed a scalable solution to catch up with its growth — a global payment solution that could effectively help them maximise productivity, and minimise time and costs.
How does PURE Group use Airwallex?
Before Airwallex, it was time-consuming for PURE Group to issue corporate cards for their employees. As a result, the team only had one card to share.
This meant that employees had to make advanced payments for business expenditure such as ad spend and software subscriptions out of their own pocket and make reimbursements thereafter.
Challenge 1: Delays in vendor payments are commonplace as the team shared one corporate card
Before Airwallex, PURE Group only had one corporate card that was shared by the entire team.
This is typical for even the biggest corporations as requesting multiple corporate cards from banks has always been a struggle.
Having to share one card, the teams sometimes faced delays in operations since goods and services could not be paid in a timely manner. This impacted their productivity.
Solutions & Results: Airwallex Borderless Cards allow employees to make payments easily
Interim CEO and Chief Financial Officer
"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.”
With Airwallex, PURE Group can instantly issue multiple company cards for their employees in just a few clicks, and employees can make payments anywhere that Visa is accepted and in various currencies including HKD, SGD, and USD.
Employees can now pay for online subscriptions and ad expenses easily. They can also add their virtual card to Google Pay or Apple Pay to pay for client lunches or buy corporate gifts. In addition to that, the Airwallex Borderless Cards come with 1% unlimited cashback that can be earned across categories and 140+ currencies with no minimum spend.
Challenge 2: Laborious reimbursement process and low visibility on expenses
In order to avoid delays and ensure progress, teams at PURE Group often paid with their personal credit cards.
Not only is the reimbursement process inevitable, PURE Group could not effectively keep track of the transactions, making budget control a headache.
It also posed a risk because the corporate card was constantly switching hands and its card details were regularly exposed to its countless users.
Solutions & Results: Elimination of reimbursement and easy budget control
Now, PURE Group can easily issue company cards for their employees with Airwallex. They can also set spending limits, assign cards to specific purposes (e.g. Google Ads for marketing; Spotify for operations), and even issue single-use cards for one-time transactions.
With these employee virtual cards, PURE Group not only eliminates all out-of-pocket expenses and tedious reimbursement work, but also the possibilities of card loss and fraudulent usage, gaining 100% control of their budget.
Interim CEO and Chief Financial Officer
“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."
See how our customers are finding Airwallex
"Airwallex have been a fantastic partner for Olsam Group as we grow our eCommerce brands to new channels and new markets. Their easy to use interface and integrations have been a joy for our finance team to use as we scale."
"For ME + EM, expanding into international markets such as the US has been our focus - and with Airwallex, we were able to use their local USD Global Account to collect from our Paypal US account, thereby allowing us to save 3% on each transaction. The process of working with Airwallex has been seamless - our suppliers get paid quickly, we have a dedicated Relationship Manager who has been really patient, helpful and quick to respond. I am keen to use their cards to pay for our ad spend in the near future to save further on our USD invoices."
Finance Manager, ME + EM
"We've had such a fantastic experience switching to Airwallex. Previously we were using a traditional bank to make all of our international transactions and they'd constantly lock us out of the account everytime we made a transfer, resulting in hours and hours of lost time on hold. Airwallex is secure, makes it super quick and simple to make and receive international payments."
Managing Director, Perspective Pictures
“We used to pay Stripe between $5,000 and $10,000 a month in conversion fees because most of our customers pay in dollars. Now we funnel that money into our Airwallex US dollar account, we don’t have to pay commission. We’ve saved more than $100,000 so far this year”
Founder and CEO, Brandbassador
"We love Airwallex! It has considerably eased our invoicing and payments to contractors around the world. Sending and receiving money is much faster and cheaper than before."
Co-Founder, Mobile Transaction
“We are so glad that we have found Airwallex! There are no hidden charges, they are quick to respond to any queries and we had the smoothest transaction with amazing support from the team continually.”
Supply Chain Executive, Miss Patisserie
"Our water solutions company, Dropterra (go.dropterra.com) has partnered with Airwallex since inception and it has been the best banking and payment partner a company can think of. International transactions are easy, secure, and fast, the technology is incredible and their client service fantastic! We look forward to growing and deepening our relationship with Airwallex!"