The new payout corridors
Payout flows are shifting. For North American businesses, EMEA and LATAM are becoming increasingly important destinations as supply chains diversify and trade relationships evolve.
Currency diversification takes center stage
Explore cross-border payment trends, industry adoption patterns, and treasury strategies at scale.
The state of borderless finance
This report uses aggregated, anonymized data from over 150,000 companies on the Airwallex platform. Unless noted otherwise, figures reflect active usage from 2023 to 2025 (customers completing at least one transaction).
Cross-border corridors are defined by the payer and the recipient country.
Product adoption refers to the use of Airwallex Global Accounts, FX & Transfers, Spend, and Payments. Card spend includes both physical and virtual cards. Multipliers are based on average quarterly volumes and rounded to the nearest whole number.
No customer-identifiable data is included. All figures represent platform usage patterns and directional benchmarks, not Airwallex revenue or growth rates.
Methodology
increase in payouts from North America to LATAM since 2023
increase in payouts from North America to EMEA since 2023
of North American balances remain in USD, showing limited diversification
of EMEA balances are in USD, with EUR and GBP making up the majority
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See where growth is happening and what it means for North American businesses. Based on aggregated platform data from over 150,000 Airwallex customers worldwide (2023–2025), this report highlights emerging hotspots, adoption patterns, and treasury strategies shaping global finance.
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Borderless is no longer optional. It’s becoming the baseline for growth as businesses reshape how money moves across borders.
The state of borderless finance
Global expansion unlocks opportunity
Airwallex platform data suggests that businesses with multi-currency, digital-first financial operations are better positioned to compete.
From new payout corridors to evolving treasury strategies, the signals point to a future where global capabilities are fundamental to scaling successfully.
Multi-currency holdings are gaining traction as businesses work to manage cash flow and reduce FX costs.
Retail and tech businesses are leading the shift, while travel and real estate remain more centralized.
Expansion multiplies impact
As businesses expand internationally, the volume of cross-border payments accelerates. On the Airwallex platform, we see distinct inflection points where even modest expansion aligns with outsized gains in average quarterly payouts.*
20
30
40
50
60
70
10
1 → 2 regions
2 → 5 regions
80
Payout volume by region
North American companies
Global companies
14x
64x
19x
65x
*These multipliers represent average customer usage patterns on the Airwallex platform, not revenue multipliers for Airwallex itself.
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North American companies
Global companies
North American companies
Global companies