Airwallex is about to take on Stripe and the rest of the payments industry — in the physical world

Airwallex, valued at $8 billion, is launching a point-of-sale product that allows businesses to accept in-person payments across multiple countries through a single platform without onboarding separate local acquirers. The move directly challenges Stripe, Square, and Adyen in physical payments and deepens Airwallex's competitive rivalry across the payments stack.