Airwallex has taken majority ownership of PT Skye Sab Indonesia, a licensed PJP Category 1 payments provider, in a move that strengthens its footprint across Asia-Pacific. The acquisition gives the company a regulated base in Indonesia, a market it views as central to its long-term growth strategy. It also expands its network across the region, which already includes Australia, China, Hong Kong, Japan, Malaysia, New Zealand, South Korea, Singapore and Vietnam.
For Indonesian merchants planning to enter global markets, Airwallex’s infrastructure will support cross-border expansion and help them manage international finance more efficiently. The company says it will also make it easier for overseas businesses to enter Indonesia, which remains one of the region’s fastest-growing digital economies.
Leveraging recent investment and AI roadmap
The acquisition follows Airwallex’s US$330 million Series G funding round, which valued the company at US$8 billion. This represented an increase of about 30 percent compared with its prior round six months earlier. The funding is intended to support global expansion and further development of its financial infrastructure, with a particular focus on Indonesia.
A significant part of this investment is being channelled into Airwallex’s AI roadmap. The company plans to roll out specialised AI agents designed to automate financial workflows and improve the speed and accuracy of cross-border operations. These agents depend on the company’s integrated financial infrastructure, which links the movement of funds and related processes across its platform.
Jack Zhang, co-founder and CEO of Airwallex, said the company’s advantage lies in the depth of its financial ecosystem. “As AI lowers software costs, infrastructure and data become the ultimate differentiator,” he said. “Airwallex connects the full spectrum of a customer’s financial operations—money in, money out, and everything in between—giving our agents the contextual data to execute with precision. This proprietary visibility, built on our scalable financial infrastructure, is what powers agentic finance.”
Supporting Indonesia’s digital ambitions
Indonesia’s ambitions under its 2045 Digital Vision play an important role in Airwallex’s regional strategy. The national agenda aims to strengthen the economy, promote innovation and ensure broader access to digital services. Airwallex says its infrastructure will support businesses as they navigate this transformation, giving them the ability to operate more confidently across Southeast Asia and beyond.
Arnold Chan, General Manager for APAC at Airwallex, said the acquisition reflects a long-term commitment to the region. “This acquisition marks a significant milestone for Airwallex as we continue building a truly global financial platform. Indonesia’s fast-growing economy and vibrant SME sector present immense opportunities. Our goal is to tackle the financial challenges faced by businesses in Indonesia, empowering them to expand beyond borders,” he said.
Indonesia has more than 64 million SMEs, making it one of the world’s largest small business ecosystems. Demand for secure and low-cost cross-border payments continues to rise, particularly among companies turning to regional or global markets for new growth opportunities. Airwallex expects that combining its global financial infrastructure with PT Skye Sab Indonesia’s local payment capabilities will help businesses expand more efficiently.
The company has reported steady momentum across Southeast Asia. In Q3 2025, it recorded a 108 percent year-on-year increase in regional revenue and a 94 percent rise in transaction volume. Globally, Airwallex exceeded US$1 billion in annualised revenue and reached US$235 billion in annualised transaction volume, reflecting growing demand for cross-border financial solutions.
