Airwallex plans Singapore investment of more than S$2 billion
The payments company plans to increase its Singapore workforce to over 1,000, with hiring focused on product development, engineering and AI.
Airwallex plans to commit more than S$2 billion to Singapore over the next five years and lift local staffing from more than 750 employees to over 1,000. The cross-border payments company said the spending would strengthen product development, engineering and AI capabilities and support operations regionally and globally.
The announcement accompanied the opening of additional office space at Guoco Tower in Tanjong Pagar. Airwallex has expanded onto level 35 and intends to take another floor in early 2027, bringing its Singapore premises to more than 80,000 square feet spread over four floors.
Singapore and San Francisco are the company’s two global co-headquarters. Its Singapore employees work in commercial, corporate, product and engineering functions, with future recruitment set to concentrate on specialised product development, engineering and AI positions.
Airwallex will collaborate with the Singapore Economic Development Board (EDB) to build its capabilities locally. The EDB said the expansion would add product and AI expertise and create jobs in next-generation financial services.
The company reported that its Singapore revenue rose 90 per cent year on year during the first half of 2026, with total transaction volume also increasing 90 per cent. Airwallex said local small and medium-sized enterprises were increasingly seeking integrated financial platforms, alongside growing interest in AI tools for managing finances.
