n n n ‘. concat(e. i18n. t(“search. voice. recognition_retry”),’n
McLaren Racing selects Airwallex as Official Partner, Modernising Global Financial Operations and Supporting the Introduction of a Digital Partner Charging Pad
Airwallex will become a partner of McLaren’s Formula 1 team, as a permanent fixture of McLaren’s livery, driver costumes and other branding elements during the 2024 season and beyond.
SINGAPORE AND LONDON, February 5, 2024–(BUSINESS WIRE)–Airwallex, a leading global payments and financing platform for fashion businesses, today announced a multi-year partnership with the McLaren Formula 1 team, one of the most iconic sports brands. . . As an official partner, Airwallex will manage McLaren’s global monetary operations through its suite of money and invoice control products and cross-border settlements. This partnership between Airwallex and McLaren will help fuel the fintech giant’s expansion trajectory as it continues to expand globally. .
Specifically, McLaren will use Airwallex to optimise its home chain invoices for all Grands Prix. McLaren’s existing payment infrastructure limits payment to vendors, such as hotel and event venue suppliers, to a single currency account in the UK, resulting in high, slow exchange fees. move-in time and additional SWIFT fees.
Airwallex’s money generation will offer multi-currency payment features for McLaren, giving the company the ability to hold primary currencies and temporarily and seamlessly exchange them at any time, while reducing the number of SWIFT fees that can be paid by leveraging Airwallex’s extensive proprietary global payment systems. . rail network.
As part of the partnership, Airwallex will also contribute to the launch and continued operation of McLaren’s virtual component product platform, editing their multi-currency payment features and enabling them to offer a wide diversity of local and global payment options.
Zak Brown, Chief Executive of McLaren Racing, said: “In the competitive world of Formula 1, power and functionality are crucial, whether on and off the track. We are excited to have Airwallex on board and to use their reliable and cutting-edge payment technology. responses to our team’s activities. Financial Transactions. ‘
Jack Zhang, CEO and co-founder of Airwallex, said: “There are very few brands that fit McLaren’s heritage and global appeal. Like McLaren, Airwallex is constantly innovating to pass faster and better than it should be, with a product that unites other people around the world. Our partnership will play a key role in helping our global expansion, and we look forward to working with the McLaren team in 2024 and beyond to help our mutual growth. “
In addition to the product integration, Airwallex will be part of the McLaren Formula 1 team, with the Airwallex logo featured on the halo of the McLaren MCL38, on the racing suit of driver Lando Norris and Oscar Piastri, as well as adding the pit crew as well as other official McLaren-branded teams.
Indeed, a global sporting event with races held in 24 cities, Formula 1’s success and multi-market impact is unrivalled. It is watched by 1. 5 billion viewers worldwide every year1. Airwallex’s partnership with the McLaren Formula 1 Team, a vital and highly regarded brand, aligns with its global ambitions to be the preferred monetary platform for cutting-edge corporations around the world.
About Airwallex
Airwallex is a leading global monetary platform for fashion businesses, providing reliable answers to manage everything from invoices, treasury, and expense control to integrated finance. With our proprietary infrastructure, Airwallex removes friction from global invoices and monetary operations, enabling businesses of all sizes to unlock new opportunities and expand across borders. Proudly founded in Melbourne, Airwallex supports over 100,000 businesses internationally and is trusted by brands such as Brex, Rippling, Navan, Qantas, SHEIN and many more. For more information, http://www . airwallex. com.
About McLaren Racing
McLaren Racing was founded by racing driver Bruce McLaren in 1963. The team competed in its first Formula 1 race in 1966. Since then, McLaren has won 20 Formula 1 World Championships, 183 Formula 1 Grands Prix, the Indianapolis 500 three times and all 24 Le Mans. racing. Hours on your first try.
McLaren Racing competes in five racing series. The team competes in the FIA Formula 1 World Championship with McLaren F1 drivers Lando Norris and Oscar Piastri, in the NTT INDYCAR SERIES with Arrow McLaren drivers Pato O’Ward, Alexander Rossi and David Malukas, and in the ABB FIA Formula E World Championship with NEOM McLaren Formula. Jake Hughes and Sam Bird, and the Extreme E championship as the NEOM McLaren Extreme E Team. The team also competes in the F1 Sim Racing Championship, the so-called McLaren Shadow, having won the 2022 Constructors’ and Drivers’ championship. Championships.
McLaren is an advocate for sustainability in video games and a signatory to the United Nations Sport Pledge for Climate Action. The company is committed to achieving net-zero emissions by 2040 and fostering an inclusive culture in the gaming industry.
McLaren Racing – Official Site
______________________________1La Formula 1 Announces TV Viewership, Race Attendance and Virtual Figures for 2021
View source version on businesswire.com: https://www.businesswire.com/news/home/20240205569421/en/
Contacts
For media enquiries, please contact Airwallex in press@airwallex. com or Fran Campbell of McLaren Racing in fran. campbell@mclaren. com.