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Airwallex VS Currenxie: Hong Kong Business Account Comparison [2024]

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Airwallex Currenxie logo
Key Features

✅ Local account details in 12 locations
✅ Transfer money in more than 40 currencies to over 150 countries.
✅ Company cards for online purchases and employee cards for individual business expenses.
✅ “Shopping Plugins” to connect with Amazon, eBay, and Shopify and more
Key Features

✅ “Global account wallet” for Hong Kong multi-currency account
✅ Account details in over 40 countries
✅ Fixed fee for local and international payments
✅ Unlimited 1% cash back on cards
✅ Discounts with its partners, including Google Workspace, Office 365, Shopify, Hootsuite, and more.
Best For

Global online businesses with minimal cash operations seeking cross-border payment solutions with integration into marketplace platforms.
Best For

International or online businesses seeking a cost-effective international money transfer solution, especially those based in Hong Kong or dealing with USD-HKD transactions
Trustpilot rating
⭐⭐⭐ 3.6/5
Based on 1,132 reviews
Trustpilot rating
⭐⭐⭐⭐ 4.5/5
Based on 136 reviews
Learn more about Airwallex Learn more about Currenxie
A dropdown of some supported currencies by the Statrys business account.

Airwallex Overview

Airwallex, founded in Australia in 2015, is a fintech company that provides financial services to optimise global financial operations. These services include multi-currency virtual business accounts, payment cards, and business APIs. 

Presently, Airwallex has offices in 19 locations globally. They have been acknowledged as one of CNBC-Statista's World’s Top Fintech Companies for 2023 and have catered to over 100,000 companies.

  • Eligible countries: 52 countries and regions, including Hong Kong, Singapore, the UK, the US, Australia, New Zealand, and others.
  • Eligible company type: Most types of entities are eligible.
  • Licences: Airwallex has various licenses across the countries where it conducts business, including a Money Service Operator license in Hong Kong, a Major Payment Institution license in Singapore, an Electronic Money Institution license in the UK, and more.
  • Partner banks: Multiple, including JP Morgan, Standard Chartered, DBS, and others.

Currenxie Overview

Currenxie was established in 2014 as a fintech company based in Hong Kong. The company specialises in offering a virtual business account, currency exchanges, and business cards.

To date, the company has successfully conducted business in over 40 countries, with a total worldwide transfer of over USD 8 billion.

  • Eligible countries: The majority of countries are eligible to apply.
  • Eligible company type: Most registered businesses can apply, provided they are not involved in activities listed on the Currenxie prohibited business natures
  • Licences: Money Service Operator in Hong Kong, Electronic Money Institution in the UK, Foreign Money Service Business in Canada, Financial Service Provider in South Africa, and registration with the Australian Transaction Reports and Analysis Centre (AUSTRAC) in Australia.
  • Partner banks: Currenxie states that they have a network of partner banks but do not disclose the names. 

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Business Account Features 

  Airwallex Currenxie logo
Eligible Countries  52 countries Most countries worldwide, except high-risk or sanctioned regions
Local Currency Account Details  Over 40 countries, including Hong Kong, Singapore, Australia, Canada, the UK, the US, Denmark, Indonesia, Japan, New Zealand, Poland,  and countries in the EU (SEPA area) Over 40 countries, including Hong Kong, Singapore, Australia, Canada, the UK, the USA, Indonesia, Japan, and countries in Europe
Support for Local payment Receiving: 21 currencies, including USD, GBP, HKD, SGD, CAD, AUD, NZD, CNY and more
Sending: Over 40 currencies
Receiving: USD, EUR, GBP, HKD, SGD, JPY, IDR, AUD, CAD, and MXN
International Payments via SWIFT yes yes
Support for international payment  Receiving:  USD, EUR, HKD, SGD, AUD, CAD, CHF, CNY, CZK, DKK, HUF, JPY, MXN, NOK, NZD, PLN, RON, SEK, and ZAR

Sending: Over 40 currencies
Receiving and sending: USD, EUR, GBP, HKD, SGD, AUD, CAD, CHF, CNH (CNY), DKK, JPY, NOK, NZD, and SEK
Accounting Software Integration Xero, Sage, Quickbooks, Netsuite, etc.  Xero
Connect to Ecommerce Platform and Marketplace Amazon, Shopify, eBay, Woocommerce, Magento, Lazada, Shopee, Shoplazza, Fnac Amazon, Shopify, eBay, Etsy, JD.com, Rakuten, Zalando, Mercado Libre, and more
Batch Payment yes yes
FX Features Spot and forward Spot and forward
Primary Pro • Support for a wider range of currencies 
• Integration with a variety of accounting software
• Favorable rate for the USD and HKD currency pair
• Ecommerce integration in unique markets such as Etsy, JD.com, and Mercado Libre
Primary Cons  • Higher fees for international payments 
• Fewer eligible countries
• Higher fees for local payments
• Fewer supported currencies

Airwallex VS Currenxie Features Rating

Airwallex’s Feature Rating Is 4.5/5

Airwallex provides extensive support for local and international payments across over 40 countries. Its main advantage over Currenxie is its broader range of supported currencies for both sending and receiving payments, along with more comprehensive integration with accounting software. 

However, it has a limited list of eligible countries and higher fees for international payments.

Currenxie’s Feature Rating Is 4/5

Currenxie offers unique features, including favourable rates for USD and HKD pairs and integration with ecommerce platforms catering to specific market segments. 

Currenxie also supports over 40 countries and a decent range of currencies. However, its currency variety falls short compared to Airwallex.

Business Account Fees

  Airwallex Currenxie logo
Account Opening Fee Free

Account Monthly Fee Free Free
Receive Local Payments 0.3% of the payment received USD 0.75 per transfer
Send Local Payments Free USD 3.00 per transfer
Receive International Payments (SWIFT) 0.3% of the payment received USD 8.00 per transfer
Send International Payments (SWIFT) Based on currencies, such as HKD 120 - 200 SGD 20 - 35 USD 15 - 25 GBP 10 - 20 USD 8.00 per transfer
FX Fee/ FX Conversion Fee Hong Kong: 0.2%
the US, the UK, the EEA, and Australia: 0.5% - 1%
Singapore: 0.4% - 0.6%
Between USD and HKD: 0.10% 
Other currencies: 0.40% - 0.60%
FX Rate Depending on market liquidity and conditions. Mid-market exchange rate

Airwallex VS Currenxie Account Fee Rating

Airwallex’s Account Fee Rating is 3.8/5

Airwallex offers competitive fees compared to traditional banks in general. Its standout advantages include free sending of local payments and lower costs for receiving local payments compared to Currenxie. However, the 0.3% charge on each incoming payment might be less favourable for businesses receiving larger amounts as the costs could scale up.

The variable fees for sending international payments may also be a drawback for businesses seeking predictability and transparency.

Currenxie’s Account Fee Rating is 4/5

Currenxie fees are also competitive compared to traditional banks. The fixed fees provide clarity and simplicity, which can be valuable for businesses operating on thin margins or prioritising straightforward cost management over potentially lower but variable costs in different regions.

However, the fee for local payments, whether sending or receiving, is higher than Airwallex. The fee could also be considered substantial for smaller amounts.

🔍 Tip: Explore the key things to know about opening an Airwallex account.

Card Features and Fees

  Airwallex Currenxie logo
Business Card Type Company card: Virtual Visa debit card
Employee card: Physical and virtual Visa debit card
Physical and virtual Visa business card
Eligibility for Card The UK, the US, the EEA, Hong Kong, Singapore and Australia,  Any registered Hong Kong company
Card Base Currency USD, AUD, HKD, SGD, EUR, GBP, CAD, NZD,  JPY and CHF HKD
Spending Limit

USD 50,000 or equivalent (timeframe not specified).
Daily and monthly limits can be customised within the app.
You can also contact an account manager to discuss negotiating higher limits.
Determined by the HKD balance in the account.
Limits are customisable within the app.
ATM Withdrawal  no yes
ATM Withdrawal Fee N/A Local: 2% or a minimum of HKD 30 International: 2% or a minimum of HKD 50
Card Fees Company card: Free
Employee card: Monthly fees vary by location. For instance:

• Free in Hong Kong, Singapore, the US
Free for the first 5 cards, then GBP 5 in the UK
Free for the first 5 cards, then EUR 6 in the EEA
Only delivery fee applicable for physical cards:

• HKD 50 within Hong Kong 
• HKD 300 for overseas countries
Primary Pros • Cashback in some regions
• Two types of cards are designed for different purposes, enhancing financial management.
You can issue each employee their own card.
Various currency choices
• Unlimited 1% cashback on all transactions (except ATM withdrawals)
• Discounts with Currenxie’s partners, including Google Workspace, Office 365, Shopify, Hootsuite, and more
Instant approval
Primary Cons  • Some regions incur subscription fees 
• No ATM withdrawal 
• The card is exclusively available to Global Account holders with Hong Kong-based companies.
• Only 1 card per account, no employee cards
• HKD-based only

Airwallex VS Currenxie Card Rating 

Airwallex’s Card Rating is 4/5

Airwallex provides a versatile card solution with two types of cards supporting a wide range of currencies and regions. While some regions have subscription fees, they are relatively minimal. However, compared to Currenxie's free card offering, this can be seen as a disadvantage.

The lack of ATM withdrawal capability can be another limitation. However, the impact of this limitation varies depending on the business model. For instance, businesses operating solely digitally may not be significantly affected.

Currenxie’s Card Rating is 3/5

The Currenxie card's appeal lies in its free issuance, lack of subscription fees, attractive cashback, and partnership discounts. Additionally, the option for ATM withdrawals sets it apart from Airwallex.

However, the restriction to just one card per account and geographic and currency limitations compared to Airwallex make it significantly less versatile for businesses with broader international needs.

A dropdown of some supported currencies by the Statrys business account.

Customer Support

  Airwallex Currenxie logo
Communication Channels Help centre, contact form, phone Help centre, contact form*
Working Hours The US and Canada (phone call) 8:00-18:00 PDT / PST

China (phone call): 9:00-18:00 CST
We cannot find information

*Currenxie states on the website that the Global Account holder can benefit from personal client support. However, we were unable to locate detailed information regarding the specific services offered.

Airwallex VS Currenxie Customer Support Rating 

Airwallex’s Customer Support Rating is 3.5/5

While Airwallex offers structured support through a help centre, contact form, and phone calls with specified working hours, its support channels may appear limited compared to the broader market, where live chat and email options are typically provided. 

However, its website seems to provide more comprehensive information than Currenxie, hence the slightly higher rating.

Currenxie’s Customer Support Rating is 3/5

Currenxie's support channels appear to be less extensive than Airwallex. Similar to Airwallex, there is an absence of broader communication methods like live chat or email.

While Currenxie's personal client support for Global Account holders is promising, the lack of detailed public information about their support channels prevents us from making a conclusive assessment.

Airwallex and Currenxie Alternatives: Statrys

Is your business registered in or planning to expand into Hong Kong, Singapore, or the BVI? Statrys can be another international payment solution.

Based in Hong Kong, Statrys is a financial service provider offering multi-currency business accounts, local and international payment solutions, payment cards, foreign exchange services, and dedicated customer support. 

Statrys' Key Services

Key Services Details
Business Account Opening Requirements Must be incorporated in Hong Kong, Singapore, or the BVI.
Multi-Currency Business Account Hold, send, and receive money in 11 currencies: USD, HKD, CNY, AUD, EUR, GBP, SGD, JPY, CHF, NZD, and CAD.
Local Payments Make local payments in 14 currencies: USD, HKD, CNY, AUD, EUR, GBP, IDR, INR, KRW, PHP, SGD, THB, TRY, and VND
SWIFT Payments & Real-time Tracking yes
Xero Integration yes
Customer Support Channels Website, Live Chat, Email, Phone, WhatsApp, and WeChat
Monthly Fee Free (if 5 or more outgoing transfers made in the month)
Foreign Exchange Rates and Fees Competitive exchange rates with FX fees at 0.15%
Payment Cards Physical and virtual Mastercard® debit cards
ATM Withdrawal yes
Free Invoicing Software yes

Create, manage, and send invoices efficiently
Company Registration Service 100% online Hong Kong and Singapore company registration.
Trustpilot Score 4.6/5, based on 261 reviews
A dropdown of some supported currencies by the Statrys business account.

🔍 Tip: For a more in-depth comparison, check out our comparison of Airwallex vs Statrys and Currenxie vs Statrys


Who can apply for an Airwallex business account?

Airwallex can onboard companies incorporated in their list of 52 countries, including major markets like the UK, the US, Australia, and parts of Asia and Europe. Most business entity types are eligible to apply.

Who can apply for a Currenxie business account?


Which is better, Airwallex or Currenxie?


What are the main limitations of Airwallex and Currenxie?


What’s the difference between Airwallex Currenxie business cards?



More info

Statrys competes directly with Airwallex and Currenxie in the payment industry, but we are committed to providing an unbiased and thorough review to help you make an informed choice.

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