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Airwallex Expands into Latin America with Mexico Deal
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Airwallex Expands into Latin America
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Overview
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Fintech unicorn Airwallex acquires MexPago, a payments company based in Mexico, to expand its operations in the Americas. The move is strategic as Mexico acts as a hedge against geopolitical and economic uncertainty between the U.S. and China. The deal brings Airwallex's total shares held in its Singapore unit to about 263 million.
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How does Mexico's role as a bridge between the U.S. and Asia benefit Airwallex?
How does the capital injection impact Airwallex's plans for an initial public offering?
What other strategic moves might Airwallex make to expand its operations?
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