Fintech firm Airwallex and China Construction Bank (CCB) announced a partnership to jointly launch a personal cross-border remittance product called “Full Amount Arrival,” aimed at reducing costs, improving convenience, and lowering both transaction and compliance risks for individual users.
The service, which made its debut at Changsha Huanghua International Airport, represents a landmark collaboration between a third-party payment institution and a state-owned commercial bank in China’s cross-border financial sector. Both parties said they will leverage their respective strengths to explore new financial scenarios, drive high-quality development, and co-build an open banking ecosystem.
Personal overseas remittances have long faced challenges such as cumbersome procedures, opaque fees, and long settlement times. These limitations have traditionally resulted in high costs and poor user experiences, particularly for students studying abroad and international travelers. The “Full Amount Arrival” service seeks to address these pain points by offering a more efficient, secure, and transparent remittance process.
The product integrates Airwallex’s global funding network and technological expertise with CCB’s localized settlement capabilities and compliance licenses. Through an embedded finance service model, the platform enables end-to-end traceability and real-time information synchronization, optimizing transaction paths and significantly improving processing efficiency.
Airwallex and CCB have also implemented competitive fee policies for individual customers, substantially lowering the overall cost of cross-border payments. The initial phase supports eight major currencies and covers dozens of countries and regions, including Europe and North America, catering to diverse remittance needs.
Risk control and compliance are central to the offering. The service combines Airwallex’s and CCB’s anti-money laundering monitoring and transaction risk management systems, allowing dynamic adjustment of processing times based on real-time risk conditions and intelligent identification of suspicious transactions. This collaboration ensures a secure, reliable, and compliant cross-border remittance channel while maintaining convenience and cost efficiency.
The partnership is part of CCB’s “New Finance” strategy, which emphasizes technology-driven enhancements to cross-border financial services. For Airwallex, the collaboration reinforces its position as a global fintech leader, leveraging its established network of international banking partners—including JPMorgan Chase, Standard Chartered, Deutsche Bank, and DBS Bank—to deliver efficient, compliant, and cost-effective global fund settlement.
Since obtaining a payment business license in mainland China in March 2023, Airwallex has been working to deepen cooperation with domestic financial institutions. Its modular and embeddable fintech solutions enable rapid deployment of cross-border payment products, integrating global collections, multi-currency account management, and intelligent currency exchange. This framework supports the successful launch and ongoing operation of the “Full Amount Arrival” service.
Wu Kai, Airwallex Chief Revenue Officer, said: “We are delighted to establish a partnership with China Construction Bank. Leveraging Airwallex’s global financial infrastructure, extensive banking network, and advanced product capabilities, we will help CCB deliver convenient and comprehensive one-stop cross-border financial services. Looking ahead, Airwallex will continue working with domestic and international financial institutions, supported by our proprietary technologies and AI capabilities, to continuously optimize the cross-border payment experience, expand service scenarios, and jointly promote the interconnectivity of cross-border trade and financial services.”
The launch of “Full Amount Arrival” underscores a growing trend of collaboration between fintech companies and traditional banks in China, highlighting the potential for innovative technology to enhance financial services, reduce costs, and improve transparency in cross-border transactions.
