--- title: "Airwallex companies in Brazil" language: en canonical: https://dossiertwist.com/dossiers/airwallex-pty-ltd/brazil/ as_of: 2026-10-17 keywords: ["Airwallex Pty Ltd","ACN 609 653 312","Airwallex (Cayman) Limited","Airwallex Capital Pty Ltd","Airwallex SVF Pty Ltd","Airwallex Holdings (Australia) Pty Ltd","AFSL 487221","AUSTRAC external audit","designated business group","Jack Zhang","Lucy Liu","Airwallex (UK) Limited","Airwallex Global Limited","AWX Brasil Instituição de Pagamento","Tencent","HongShan","Square Peg","cross-border payments","electronic money institution","Series H"] --- # Airwallex companies in Brazil **Question.** Which companies hold Airwallex's Brazilian payment licence, and who controls them? **Answer.** AWX Brasil Instituição de Pagamento Ltda. holds the group's Brazilian payment institution authorisation. In a September 2024 notice the Banco Central do Brasil published AWX Holding Brasil Ltda. as the intended direct controller and Lucy Yueting Liu as final controller. Registry data show AWX Holding Brasil wholly owned by YTL AWX Limited, a company with a British Virgin Islands address; a second company, Airwallex (Brasil) Ltda, is owned by AWX Investment (Singapore) Pte. Ltd. A 2025 magazine report that Airwallex entered Brazil by buying a company called UniPay is not matched by any Brazilian record retained. ## The payment institution and its controllers - Analysis: When announcing on 15 January 2025 that it had finalised the acquisition of the Mexican payment company MexPago, Airwallex said it had obtained a payment institution licence from the Banco Central do Brasil; a deal database dates the MexPago acquisition to 19 October 2023, presumably the agreement, and the buyer within the group is not named. The group's licensing disclosure names the licensee as AWX Brasil Instituição de Pagamento Ltda., authorised as a payment institution for post-paid instruments, payment initiation, e-money issuance and acquiring, and to operate in the foreign exchange market. In Comunicado No. 42.107 of 9 September 2024 (case PE 260558) the central bank published, for objections within fifteen days, that AWX Holding Brasil Ltda. (CNPJ 50.942.433/0001-34) as direct controller and Lucy Yueting Liu as final controller (controladora final) intended to take part in the control of the payment institution (CNPJ 52.076.716/0001-76, São Paulo). The notice announced an intended controlling interest submitted for authorisation; the personal identification details it contains are not reproduced here. By Comunicado No. 42.691 of 13 January 2025 the central bank announced its decision of 8 January 2025 approving Fernando de Vasconcellos Portugal Torres, Maurício Rossini César and Paulo Roberto Ribeiro as members of the institution's board of executive officers (diretoria), following an amendment of its articles of 26 August 2024; the personal tax numbers published in that notice are omitted. [src-052] [src-011] [src-054] [src-064] [src-078] ## The holding companies - Analysis: Brazilian federal tax registry data, as reproduced by a commercial aggregator, show AWX Holding Brasil Ltda as an active limited company since 5 June 2023 with share capital of R$36,184,000.00 and holding-company activity at Avenida Brig Luis Antonio 300 in São Paulo. Its sole partner since 19 July 2023 is YTL AWX Limited, recorded with Brazilian CNPJ 51.018.106/0001-53 from 12 June 2023 as a foreign-domiciled holding company with an address at Kingston Chambers, PO Box 173, Road Town, Tortola, in the British Virgin Islands. The data do not name YTL AWX's owners; its link to Lucy Yueting Liu is that the central bank names her final controller of the payment institution held through AWX Holding Brasil, and no British Virgin Islands record is among the retained documents. [src-065] [src-073] - Analysis: A second company, Airwallex (Brasil) Ltda (CNPJ 49.629.692/0001-20), has been active since 16 February 2023 with share capital of R$1,118,739.00 and the activity code for other auxiliary financial services, and shares the São Paulo address, telephone number and e-mail address of AWX Holding Brasil. In the same aggregator data its sole partner since 27 March 2025 is AWX Investment (Singapore) Pte. Ltd.; the partner before that date is not shown. Singapore registry data reproduced by a commercial site show that company (UEN 202312458Z) as a live private holding company incorporated on 31 March 2023 at 36 Robinson Road, Singapore, without its directors or shareholders. Cesar Madeira Padovesi has been administrator of AWX Holding Brasil since 5 June 2023 and of Airwallex (Brasil) since 16 February 2023 and represents their foreign partners; the same registry data list him in 154 companies, mostly as administrator of Brazilian subsidiaries of foreign groups. [src-093] [src-077] [src-065] [src-099] ## The reported UniPay acquisition - Analysis: An Australian business magazine wrote in 2025 that Airwallex had recently acquired MexPago in Mexico, had entered Brazil through the acquisition of the payments company UniPay, and held more than 60 licences and permits. UniPay is named only in that article: Airwallex's own announcement of its Brazilian licence does not mention it, and no Brazilian record of UniPay is among the retained documents. [src-041] ## Sources - [src-052] Company statement source · src-052 - [src-011] Company statement source · src-011 - [src-054] Research source · src-054 - [src-064] Banco Central do Brasil Comunicado No. 42.107 of 9 September 2024 (AWX Brasil Instituição de Pagamento Ltda.), Banco Central do Brasil, 2024-09-09 - [src-078] Banco Central do Brasil Comunicado No. 42.691 of 13 January 2025 (AWX Brasil Instituição de Pagamento Ltda.), Banco Central do Brasil, 2025-01-13 - [src-065] Corporate registry source · src-065 - [src-073] Corporate registry source · src-073 - [src-093] Corporate registry source · src-093 - [src-077] Corporate registry source · src-077 - [src-099] Corporate registry source · src-099 - [src-041] Media source · src-041