i2c, a provider of payment and open banking technology, has announced it is the payments processor enabling global fintech Airwallex to deliver its business-to-business (B2B) Airwallex Borderless Card. The multi-currency card - initially available in virtual form and subsequently in physical form - is designed to streamline how corporates receive payments from and make payments to clients, suppliers, partners and subsidiaries worldwide. The card will debut in Australia, with the UK and Hong Kong scheduled to follow later this year.

The Airwallex Borderless Card enables corporates to move funds fast and convert payments into 10 currencies with real-time access to the company’s exchange rates. The fintech claims the new programme is the most efficient method of cross-border and multi-currency payments, saving processing time and unnecessary intermediary fees.

i2c APIs, agile platform and tools let Airwallex configure, control and iterate the programme as it ramps globally, monitor anomalies in usage patterns and behaviours, and set multiple identity verification and validation safeguards with a three-level security and detection system.

“We are proud to partner with Airwallex to deliver this innovative AI and machine learning enabled corporate programme that answers the critical need of today’s corporations for safer, more efficient and faster transfers of cross-border funds,” said Ava Kelly, global head of Product at i2c. “We look forward to expanding the Airwallex programme to new regions in 2020 and to enabling their clients to provide individual multi-currency cards to employees.”