Fintech unicorn Airwallex has announced its acquisition of MexPago, a Mexican payments company, to expand its presence in Latin America. The deal comes as Airwallex looks to diversify its operations amid ongoing tensions between the US and China. Airwallex CEO Jack Zhang highlighted Mexico's proximity to the US and its growing population as factors driving the decision. The company, which offers cross-border payment services, has seen a 460% increase in revenues in the Americas over the past year. MexPago's regulatory license will enable Airwallex to access local payment methods and expand its global proposition.

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