Airwallex said on 21 January it had acquired Paynuri Co. Ltd., a South Korean payments company, giving it the local licences needed to offer its products in the country. The price was not disclosed.
Why Airwallex is buying Paynuri Co. Ltd.
Airwallex said the licences give it a foundation to help Korean companies expand abroad and to let global businesses operate in Korea. It pointed to demand from e-commerce, creative industries and entertainment-driven exports, and said Korea extends an Asia-Pacific network that includes Japan, Hong Kong, Singapore, Malaysia, Indonesia and Vietnam.
“This acquisition marks a pivotal milestone for Airwallex as we expand the global reach of our financial platform.”
Deal terms and financing
Paynuri holds a payment gateway licence, a prepaid electronic payment instrument licence and a foreign exchange business registration. Financial terms were not disclosed. Global business accounts and payment acceptance will be the first products launched, with multi-currency accounts, online and in-store acquiring and spend-management tools planned during 2026.
Market context
The deal came shortly after Airwallex's Series G fundraising, which valued it at $8bn. The company reported $1.2bn of annualised revenue and $266bn of annualised transaction volume as of December 2025, according to Pulse 2.0, and plans to reach about 20 employees in Korea by the end of 2026.
