Airwallex has acquired a majority stake in Skye Sab Indonesia, a Category 1 PJP (Penyedia Jasa Pembayaran) license holder.

The acquisition enables Indonesian merchants seeking international expansion to access Airwallex’s financial infrastructure, while facilitating foreign businesses’ entry into Indonesia.

It also extends Airwallex’s presence in Asia-Pacific markets, including Australia, China, Hong Kong, Japan, Malaysia, New Zealand, South Korea, Singapore, and Vietnam.

This follows Airwallex’s US$330 million Series G funding round at an US$8 billion valuation, marking a roughly 30% increase from its previous round six months earlier.

The investment will support the company’s growth in key markets, including Indonesia, and the development of AI-driven tools to streamline financial workflows and improve cross-border operations.

“As AI lowers software costs, infrastructure and data become the ultimate differentiator,”

said Jack Zhang, co-founder and CEO of Airwallex.

“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.”

With over 64 million SMEs in Indonesia, demand for secure, cost-effective cross-border payment solutions is high.

Airwallex’s global infrastructure, combined with PT Skye Sab Indonesia’s local capabilities, aims to support these businesses in expanding internationally.

In Southeast Asia, Airwallex reported a 108% year-on-year revenue increase and 94% growth in transaction volume for Q3 2025.

Globally, the company exceeded US$1 billion in annualised revenue and US$235 billion in transaction volume.

Featured image credit: Edited by Fintech News Indonesia, based on image by ismode via Freepik