McLaren Racing optimises its financial procedures with Airwallex’s payment technology
Following the announcement of a multi-year partnership from the beginning of February 2024, Airwallex now revealed how its global financial technology supported McLaren Racing’s financial operations throughout the Formula 1 season. When the two companies first decided to work together and Airwallex became an official partner of the sports brand, the financial firm was set to assist McLaren’s worldwide financial operations via its treasury management and cross-border pay-outs, launching a digital merchandise platform and settlement product suite.
Airwallex and McLaren’s partnership outcome
By utilising Airwallex’s end-to-end payment system, McLaren Racing benefits from competitively priced foreign exchange (FX) rates and transfers funds via an extensive local payout network. Also, the sports brand can pay each international vendor in their local currency while decreasing transfer times.
Moreover, having its global headquarters in Singapore, Airwallex marked the Singaporean Grand Prix on 22 September 2024 by revealing a 3D perception shift sculpture of McLaren F2 driver Lando Norris, with the artwork symbolising the role that perception plays in driving success.
McLaren Racing’s partnership with Mastercard
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