Chinese fintech platform Airwallex will leverage the thriving ties between China and the Middle East to further expand in the region, according to CEO and co-founder Jack Zhang. Airwallex aims to help Chinese companies successfully expand into the Middle East, and expects to obtain payment licenses from Saudi Arabia and the UAE within the next six to 12 months. Zhang revealed that the company is in contact with a number of sovereign wealth funds in the Middle East to discuss financing issues, including the Saudi Public Investment Fund, the Abu Dhabi Investment Authority and Mubadala.
Airwallex is seeking to expand further into the Middle East, focusing on Saudi Arabia and the United Arab Emirates
