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Airwallex vs Ramp
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Onboards businesses in United States
Airwallex
AvailableRamp
AvailableAccept payments
Airwallex
Online payments with cards and 160+ local methods, settled into multiple currencies.Ramp
Not offeredPay people abroad
Airwallex
Transfers to 150+ countries, often over local bank rails.Ramp
Bill pay to vendors at home and abroad.Multi-currency account
Airwallex
Global Accounts give you local bank details in 20+ currencies, so you get paid like a local business.Ramp
Not offeredBusiness cards
Airwallex
Multi-currency corporate cards with spend controls.Ramp
Corporate cards with built-in expense management.Stablecoins
Airwallex
Not offeredRamp
Not offeredYield on idle cash
Airwallex
Airwallex Yield invests idle balances in AAA-rated J.P. Morgan money market funds. Airwallex says it is not a savings or deposit product, and returns are variable.Ramp
Ramp Treasury pays interest on FDIC-insured cash in its business account, and offers a separate investment account in a government money market fund.Yield on idle cash
A return on money you are not using. How safe it is depends on where the return comes from, not on how high the rate is.
Where the return comes from
Airwallex
Low risk, not insuredMoney market fundRamp
Principal insuredInsured bank depositLow risk, not insuredMoney market fundIs the money protected?
Airwallex
Not a deposit and not insured. The fund holds short-term government debt and aims to keep its value stable, but that is not guaranteed. Broker protection (SIPC in the US) covers the broker failing, not investment losses.Ramp
Insured bank deposit: Held as a bank deposit and insured by a government scheme (FDIC in the US) up to its limit, usually spread across partner banks.Money market fund: Not a deposit and not insured. The fund holds short-term government debt and aims to keep its value stable, but that is not guaranteed. Broker protection (SIPC in the US) covers the broker failing, not investment losses.Does the rate change?
Airwallex
Floats daily with central bank rates, so it falls when rates are cut.Last seen: About 3.6–3.7% on USD in 2026, depending on planRamp
Set by the bank and can be changed at any time. Floats daily with central bank rates, so it falls when rates are cut.Last seen: About 2% on insured cash and 4% in the fund (2026)Platform & marketplace
Run payments for other businesses: sign them up, take a cut, pay them out.
Sub-accounts for your users
Airwallex
YesConnected accounts for businesses and individuals, through hosted onboarding, embedded components or the native API.Ramp
NoRamp serves its own customers only.Split payments and platform fees
Airwallex
YesCollect payments on behalf of connected accounts and take a platform fee.Ramp
NoNot a payment processor.Embeddable UI
Airwallex
YesEmbedded components for onboarding and account features.Ramp
NoNo platform components.Pay out to your users
Airwallex
YesTransfers to 150+ countries, often over local rails.Ramp
NoBill pay is for your own vendors, not your users.Embedded finance for your users
Give your users financial products under your brand.
Accounts that hold money
Airwallex
YesEach connected account can get multi-currency wallets and local account numbers.Ramp
NoNot offered.Cards for your users
Airwallex
YesIssuing APIs for connected accounts’ cardholders, with secure card-display iframes.Ramp
NoCards are for your own employees.Financing for your users
Airwallex
Not confirmedNot confirmed.Ramp
NoNot offered.Consumer apps
Build for individuals, not just businesses, the way Bridge allows.
End users can be individuals
Airwallex
PartlyPlatforms can create connected accounts for individuals. Card issuing and third-party payouts need full KYC.Ramp
NoUS businesses only.Consumer wallets or accounts
Airwallex
PartlyWallets on connected accounts can belong to individuals.Ramp
NoNot offered.Consumer cards
Airwallex
Not confirmedPublic materials describe business card programs.Ramp
NoNot offered.Stablecoins
Dollar-backed tokens as a payment and treasury rail.
Accept stablecoins
Airwallex
NoNo stablecoin product found in public materials.Ramp
NoNo stablecoin product found in public materials.Hold stablecoin balances
Airwallex
NoNo stablecoin product found in public materials.Ramp
NoNo stablecoin product found in public materials.Pay out in stablecoins
Airwallex
NoNo stablecoin product found in public materials.Ramp
NoNo stablecoin product found in public materials.Issue your own stablecoin
Airwallex
NoNo stablecoin product found in public materials.Ramp
NoNo stablecoin product found in public materials.Regulatory risk in United States
Airwallex
No stablecoin productsRamp
No stablecoin productsAI agents
Build with AI tools, and let AI agents shop and pay.
Official MCP server
Airwallex
YesAgentOS includes production, sandbox and docs MCP servers plus a CLI. Every money-out action needs a human to confirm it.Ramp
YesRamp MCP for AI assistants and a CLI for coding agents, signed in with Ramp OAuth and acting with the user’s permissions. Writes are logged.Checkout for AI agents
Airwallex
Not confirmedNo agent checkout protocol support confirmed.Ramp
NoDoes not process checkout payments, so there is nothing for an agent to check out with.Cards for AI agents
Airwallex
PartlyAgentOS includes a card provisioning workflow, with human confirmation before money moves.Ramp
YesAgents can generate Agent Card credentials limited to a single purchase.Working with them
How easy it is to get started.
Self-serve signup
Airwallex
YesSign up online; platform products are sales-assisted.Ramp
YesApply online.Published pricing
Airwallex
YesPricing pages by country.Ramp
YesFree core plan; paid tiers are published.Public API and sandbox
Airwallex
YesPublic API and sandbox.Ramp
YesAPI for your own cards, bills, transactions and accounting data.Coming soon
Announced but not launched. These are plans, not products you can sign up for today: timing often slips, and some never ship.
Announced, not yet live
Airwallex
Ramp
In short
Countries onboarded
Airwallex
39 of 170Ramp
1 of 170Designed for
Airwallex
Businesses that collect in one currency and spend in another, without opening bank accounts abroad.Ramp
US companies that want cards, expenses and vendor payments in one place.Limitations
Airwallex
Which products you get depends on the country your business is registered in.Ramp
Does not process customer payments and is only available to US companies.| Airwallex Global account | Ramp Spend management | |
|---|---|---|
| Onboards businesses in United States | Available | Available |
| Accept payments | Online payments with cards and 160+ local methods, settled into multiple currencies. | Not offered |
| Pay people abroad | Transfers to 150+ countries, often over local bank rails. | Bill pay to vendors at home and abroad. |
| Multi-currency account | Global Accounts give you local bank details in 20+ currencies, so you get paid like a local business. | Not offered |
| Business cards | Multi-currency corporate cards with spend controls. | Corporate cards with built-in expense management. |
| Stablecoins | Not offered | Not offered |
| Yield on idle cash | Airwallex Yield invests idle balances in AAA-rated J.P. Morgan money market funds. Airwallex says it is not a savings or deposit product, and returns are variable. | Ramp Treasury pays interest on FDIC-insured cash in its business account, and offers a separate investment account in a government money market fund. |
| Yield on idle cashA return on money you are not using. How safe it is depends on where the return comes from, not on how high the rate is. | ||
| Where the return comes from | Low risk, not insuredMoney market fund | Principal insuredInsured bank depositLow risk, not insuredMoney market fund |
| Is the money protected? | Not a deposit and not insured. The fund holds short-term government debt and aims to keep its value stable, but that is not guaranteed. Broker protection (SIPC in the US) covers the broker failing, not investment losses. | Insured bank deposit: Held as a bank deposit and insured by a government scheme (FDIC in the US) up to its limit, usually spread across partner banks.Money market fund: Not a deposit and not insured. The fund holds short-term government debt and aims to keep its value stable, but that is not guaranteed. Broker protection (SIPC in the US) covers the broker failing, not investment losses. |
| Does the rate change? | Floats daily with central bank rates, so it falls when rates are cut.Last seen: About 3.6–3.7% on USD in 2026, depending on plan | Set by the bank and can be changed at any time. Floats daily with central bank rates, so it falls when rates are cut.Last seen: About 2% on insured cash and 4% in the fund (2026) |
| Platform & marketplaceRun payments for other businesses: sign them up, take a cut, pay them out. | ||
| Sub-accounts for your users | YesConnected accounts for businesses and individuals, through hosted onboarding, embedded components or the native API. | NoRamp serves its own customers only. |
| Split payments and platform fees | YesCollect payments on behalf of connected accounts and take a platform fee. | NoNot a payment processor. |
| Embeddable UI | YesEmbedded components for onboarding and account features. | NoNo platform components. |
| Pay out to your users | YesTransfers to 150+ countries, often over local rails. | NoBill pay is for your own vendors, not your users. |
| Embedded finance for your usersGive your users financial products under your brand. | ||
| Accounts that hold money | YesEach connected account can get multi-currency wallets and local account numbers. | NoNot offered. |
| Cards for your users | YesIssuing APIs for connected accounts’ cardholders, with secure card-display iframes. | NoCards are for your own employees. |
| Financing for your users | Not confirmedNot confirmed. | NoNot offered. |
| Consumer appsBuild for individuals, not just businesses, the way Bridge allows. | ||
| End users can be individuals | PartlyPlatforms can create connected accounts for individuals. Card issuing and third-party payouts need full KYC. | NoUS businesses only. |
| Consumer wallets or accounts | PartlyWallets on connected accounts can belong to individuals. | NoNot offered. |
| Consumer cards | Not confirmedPublic materials describe business card programs. | NoNot offered. |
| StablecoinsDollar-backed tokens as a payment and treasury rail. | ||
| Accept stablecoins | NoNo stablecoin product found in public materials. | NoNo stablecoin product found in public materials. |
| Hold stablecoin balances | NoNo stablecoin product found in public materials. | NoNo stablecoin product found in public materials. |
| Pay out in stablecoins | NoNo stablecoin product found in public materials. | NoNo stablecoin product found in public materials. |
| Issue your own stablecoin | NoNo stablecoin product found in public materials. | NoNo stablecoin product found in public materials. |
| Regulatory risk in United States | No stablecoin products | No stablecoin products |
| AI agentsBuild with AI tools, and let AI agents shop and pay. | ||
| Official MCP server | YesAgentOS includes production, sandbox and docs MCP servers plus a CLI. Every money-out action needs a human to confirm it. | YesRamp MCP for AI assistants and a CLI for coding agents, signed in with Ramp OAuth and acting with the user’s permissions. Writes are logged. |
| Checkout for AI agents | Not confirmedNo agent checkout protocol support confirmed. | NoDoes not process checkout payments, so there is nothing for an agent to check out with. |
| Cards for AI agents | PartlyAgentOS includes a card provisioning workflow, with human confirmation before money moves. | YesAgents can generate Agent Card credentials limited to a single purchase. |
| Working with themHow easy it is to get started. | ||
| Self-serve signup | YesSign up online; platform products are sales-assisted. | YesApply online. |
| Published pricing | YesPricing pages by country. | YesFree core plan; paid tiers are published. |
| Public API and sandbox | YesPublic API and sandbox. | YesAPI for your own cards, bills, transactions and accounting data. |
| Coming soonAnnounced but not launched. These are plans, not products you can sign up for today: timing often slips, and some never ship. | ||
| Announced, not yet live | AnnouncedAccounts and acquiring for Korean businessesExpected by the end of 2026 AnnouncedLater than expectedFull local service for Brazilian businessesExpected by the end of 2025, not launched yet Details and sources → | WaitlistLater than expectedRamp for EU-headquartered companiesExpected Q3 2026, not launched yet Details and sources → |
| In short | ||
| Countries onboarded | 39 of 170 | 1 of 170 |
| Designed for | Businesses that collect in one currency and spend in another, without opening bank accounts abroad. | US companies that want cards, expenses and vendor payments in one place. |
| Limitations | Which products you get depends on the country your business is registered in. | Does not process customer payments and is only available to US companies. |
Common questions
Is Airwallex or Ramp available in more countries?
Airwallex. Of the 170 countries we track, Airwallex onboards businesses in 39 (and 5 more with limits) and Ramp in 1. Both serve businesses in 1. Only Airwallex: Canada, Mexico, Brazil, United Kingdom, Ireland, Germany, France, Netherlands, Belgium, Luxembourg, Austria, Spain and 31 more.
What do Airwallex and Ramp offer?
Accept payments: Airwallex yes, Ramp no. Pay people abroad: Airwallex yes, Ramp yes. Multi-currency account: Airwallex yes, Ramp no. Business cards: Airwallex yes, Ramp yes. Stablecoins: Airwallex no, Ramp no. Yield on idle cash: Airwallex yes, Ramp yes.
How do Airwallex and Ramp differ for platforms and embedded finance?
Sub-accounts for your users: Airwallex yes, Ramp no. Split payments and platform fees: Airwallex yes, Ramp no. Embeddable UI: Airwallex yes, Ramp no. Pay out to your users: Airwallex yes, Ramp no. Accounts that hold money: Airwallex yes, Ramp no. Cards for your users: Airwallex yes, Ramp no. Financing for your users: Airwallex not confirmed, Ramp no. End users can be individuals: Airwallex partly, Ramp no. Consumer wallets or accounts: Airwallex partly, Ramp no. Consumer cards: Airwallex not confirmed, Ramp no. Checkout for AI agents: Airwallex not confirmed, Ramp no. Cards for AI agents: Airwallex partly, Ramp yes.
Who is Airwallex designed for?
Businesses that collect in one currency and spend in another, without opening bank accounts abroad. Limitations: Which products you get depends on the country your business is registered in.
Who is Ramp designed for?
US companies that want cards, expenses and vendor payments in one place. Limitations: Does not process customer payments and is only available to US companies.
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