Airwallex, the Singapore-headquartered global payments platform, has acquiredOpenPay, a San Francisco firm specialising in subscription billing and revenue management. The deal adds sophisticated billing and analytics capabilities to Airwallex’s suite of services, enabling businesses to automate recurring payments across multiple currencies and regions. Though financial terms were not disclosed, the acquisition marks one of Airwallex’s most significant strategic expansions to date, with the upgraded offering scheduled to roll out in the fourth quarter of 2025.
Airwallex, the Singapore-headquartered global payments platform, has acquiredOpenPay, a San Francisco firm specialising in subscription billing and revenue management.AirwallexacquiredOpenPay
Airwallex acquires @getopenpay to build the first truly global billing platform – helping businesses scale subscriptions without borders. pic.twitter.com/GLVzkgpvzj
— Airwallex (@airwallex) September 3, 2025
Airwallex acquires @getopenpay to build the first truly global billing platform – helping businesses scale subscriptions without borders. pic.twitter.com/GLVzkgpvzj
— Airwallex (@airwallex) September 3, 2025
Airwallex acquires @getopenpay to build the first truly global billing platform – helping businesses scale subscriptions without borders. pic.twitter.com/GLVzkgpvzj
Strategic Rationale
The purchase reflects Airwallex’s ambition to address longstanding weaknesses in the billing ecosystem. Many subscription platforms, critics say, were built for domestic markets and seat-based models rather than for a global, usage-driven economy. By integrating OpenPay’s technology, Airwallex aims to offer what it calls the first “truly global billing platform” capable of handling subscription, usage-based, and hybrid billing models with seamless multi-currency support.
This strategic direction taps into the rise of businesses monetising by consumption, such as AI, cloud computing and software-as-a-service providers, where the flexibility of billing has become as important as payment acceptance itself.
Capabilities and Benefits
OpenPay contributes an advanced set of tools designed to automate and optimise revenue operations. Among its Features are smart payment routing to reduce costs, AI-assisted customer retention tools, and real-time revenue dashboards. Its system supports flexible billing methods, including tiered subscriptions, usage-based invoicing, and hybrid combinations, which are increasingly sought after by international businesses.
FeaturesBy embedding these functions within its platform, Airwallex seeks to allow clients to scale globally without being hindered by fragmented local billing systems. For businesses, the potential benefits include lower operational costs, faster revenue collection, and greater visibility over international growth performance.
Market Positioning
The acquisition places Airwallex in direct competition with established players such as Stripe Billing and Recurly. Analysts note that the global subscription economy is on track to surpass $1 trillion by 2030, with demand for flexible, automated billing rising steadily.
With OpenPay’s technology, Airwallex hopes to carve out a differentiated niche by focusing on multi-currency and cross-border scenarios, an area where many competitors still face limitations. For enterprises expanding into new geographies, this positioning could prove attractive, offering a single solution to manage both payments and recurring revenue on a global scale.
Leadership Commentary
Jack Zhang, Co-founder and CEO of Airwallex, said legacy billing systems remain “locked in the past”, often unable to adapt to modern global commerce. He described the acquisition as a step towards building infrastructure that helps businesses “scale without borders”.
Jack Zhang**Co-founderCEOAirwallexOpenPay’sCo-Founder and CEO, Lance Co Ting Keh, welcomed the deal as a chance to extend his company’s vision to a global audience. He noted that Airwallex’s reach across 60 countries provides the ideal platform for OpenPay’s billing technology to serve businesses seeking smarter, more intuitive revenue management.
OpenPay’sCo-FounderCEO**Lance Co Ting Keh## Looking Ahead
Airwallex plans to integrate OpenPay’s capabilities into its platform by late 2025, with gradual onboarding for both existing and new customers. While success will depend on adoption rates and the ability to compete with entrenched providers, the acquisition underlines Airwallex’s confidence in the continued globalisation of subscription commerce.
Industry observers suggest that if the integration delivers on its promise, Airwallex could position itself as a front-runner in a fast-expanding market where billing flexibility is fast becoming a critical competitive edge.
Conclusion
Airwallex has acquired OpenPay to enhance its platform with advanced billing and subscription management tools. The deal expands its multi-currency capabilities, aligning with the surge in usage-based business models. Set for release in late 2025, the integration positions Airwallex as a serious challenger in the growing global billing market.
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Airwallex Acquires OpenPay to Advance Global Billing Expansion
Airwallex, the Singapore-headquartered global payments platform, has acquired OpenPay, a San Francisco firm specialising in subscription billing and revenue management.AirwallexacquiredOpenPay
Airwallex acquires @getopenpay to build the first truly global billing platform – helping businesses scale subscriptions without borders. pic.twitter.com/GLVzkgpvzj
Strategic Rationale
The purchase reflects Airwallex’s ambition to address longstanding weaknesses in the billing ecosystem. Many subscription platforms, critics say, were built for domestic markets and seat-based models rather than for a global, usage-driven economy. By integrating OpenPay’s technology, Airwallex aims to offer what it calls the first “truly global billing platform” capable of handling subscription, usage-based, and hybrid billing models with seamless multi-currency support.
This strategic direction taps into the rise of businesses monetising by consumption, such as AI, cloud computing and software-as-a-service providers, where the flexibility of billing has become as important as payment acceptance itself.
Capabilities and Benefits
OpenPay contributes an advanced set of tools designed to automate and optimise revenue operations. Among its Features are smart payment routing to reduce costs, AI-assisted customer retention tools, and real-time revenue dashboards. Its system supports flexible billing methods, including tiered subscriptions, usage-based invoicing, and hybrid combinations, which are increasingly sought after by international businesses.
FeaturesBy embedding these functions within its platform, Airwallex seeks to allow clients to scale globally without being hindered by fragmented local billing systems. For businesses, the potential benefits include lower operational costs, faster revenue collection, and greater visibility over international growth performance.
Market Positioning
The acquisition places Airwallex in direct competition with established players such as Stripe Billing and Recurly. Analysts note that the global subscription economy is on track to surpass $1 trillion by 2030, with demand for flexible, automated billing rising steadily.
With OpenPay’s technology, Airwallex hopes to carve out a differentiated niche by focusing on multi-currency and cross-border scenarios, an area where many competitors still face limitations. For enterprises expanding into new geographies, this positioning could prove attractive, offering a single solution to manage both payments and recurring revenue on a global scale.
Leadership Commentary
Jack Zhang, Co-founder and CEO of Airwallex, said legacy billing systems remain “locked in the past”, often unable to adapt to modern global commerce. He described the acquisition as a step towards building infrastructure that helps businesses “scale without borders”.
Jack Zhang**Co-founder CEOAirwallexOpenPay’s Co-Founder and CEO, Lance Co Ting Keh, welcomed the deal as a chance to extend his company’s vision to a global audience. He noted that Airwallex’s reach across 60 countries provides the ideal platform for OpenPay’s billing technology to serve businesses seeking smarter, more intuitive revenue management.
OpenPay’sCo-FounderCEO**Lance Co Ting Keh## Looking Ahead
Airwallex plans to integrate OpenPay’s capabilities into its platform by late 2025, with gradual onboarding for both existing and new customers. While success will depend on adoption rates and the ability to compete with entrenched providers, the acquisition underlines Airwallex’s confidence in the continued globalisation of subscription commerce.
Industry observers suggest that if the integration delivers on its promise, Airwallex could position itself as a front-runner in a fast-expanding market where billing flexibility is fast becoming a critical competitive edge.
Conclusion
Airwallex has acquired OpenPay to enhance its platform with advanced billing and subscription management tools. The deal expands its multi-currency capabilities, aligning with the surge in usage-based business models. Set for release in late 2025, the integration positions Airwallex as a serious challenger in the growing global billing market.