Airwallex has integrated OpenPay, a billing platform specialized in subscription management, payment orchestration, and revenue analytics, into its global system.

This integration enhances Airwallex’s capabilities to rival competitors such as Stripe Billing and Recurly, aiding customers with automated revenue growth. Specific financial details of the acquisition were not disclosed.

Facilitating Automated Revenue Growth for Customers

Airwallex identifies existing billing systems as insufficient for a global, multi-currency environment. By incorporating OpenPay’s functionalities, Airwallex aims to establish a fully global billing platform designed for ease and efficiency in recurring revenue management.

Airwallex and OpenPay share the objective of enabling businesses to scale easily across borders. Utilizing OpenPay’s features, Airwallex can introduce advanced automation such as smart payment routing, AI-driven retention tools, real-time analytics, and subscription management tailored to different billing models, including usage-based pricing.

Usage-based billing involves charging customers based on the specific amount of product or service used, distinct from a fixed fee. Common in sectors like cloud computing, utilities, and SaaS, this model offers enhanced transparency for users while boosting revenue for providers.

In response to growing demand for hybrid and usage-based billing linked to actual product use rather than static pricing, companies and consumption-led businesses utilize tokens, calls, and computations as monetizable resources. By leveraging OpenPay, Airwallex plans to introduce built-in usage-based billing systems that operate across various currencies and geographies.

Airwallex’s goal is to revolutionize the billing landscape by merging global financial infrastructure with state-of-the-art subscription management tools. This initiative aims to reduce costs, boost revenue, and facilitate cross-border expansion of subscriptions for businesses.