Airwallex to invest more than S$2 billion in Singapore and expand local workforce to over 1,000

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Airwallex plans to invest more than S$2 billion in Singapore over the next five years, and increase its local workforce from more than 750 to over 1,000. The investment will be used to develop product, engineering and AI capabilities, and support regional and global operations; revenue and total transaction volume for the Singapore team both grew 90% year on year in the first half of the year.