Airwallex’s promotion activities are closely aligned with its positioning bases, which include convenience, security, speed, and cost-effectiveness in cross-border transactions. The company has used a range of promotional tactics to communicate these values to potential customers.
One way Airwallex promotes itself as a convenient option for businesses is through its partnerships with other companies. For example, the partnership with Xero enables users to pay international invoices directly from their accounting system using Airwallex’s platform. This feature streamlines the payment process and makes it more convenient for businesses to manage cross-border payments.
Airwallex also emphasizes security in its promotional activities by highlighting its compliance with regulations and industry standards. For instance, the company is licensed as an Authorized Money Service Operator (AMSO) in several countries, which demonstrates that it adheres to strict regulatory requirements related to anti-money laundering (AML) and know-your-customer (KYC) procedures. By promoting this aspect of its business, Airwallex aims to reassure potential customers that their transactions are safe and secure.
In terms of speed, Airwallex positions itself as a fast alternative to traditional banking methods for cross-border payments. Its website highlights that funds can be transferred in as little as one day and offers real-time exchange rates. Airwallex’s promotional activities further support this positioning base by emphasizing the efficiency and speed of its platform compared to traditional banking methods.
Finally, Airwallex promotes itself as a cost-effective solution for businesses seeking cross-border payment options. Its website compares its fees favorably against banks’ fees for similar services. Additionally, Airwallex often runs promotions offering fee waivers or discounts on certain transactions or currency pairs.
Overall, Airwallex’s promotion activities align with its positioning bases by emphasizing convenience, security, speed, and cost-effectiveness in cross-border transactions. The company uses a variety of tactics such as partnerships with other companies, compliance with regulations and industry standards, and promotional offers to communicate these values to potential customers.