SaaS · Analysis

SEA SaaS Tracker: Curlec, PayMongo, and Airwallex Updates

Changelog of DuitNow Pay rollout, virtual-card launch, and funding-driven product updates for Curlec, PayMongo, and Airwallex — sourced, dated updates from official channels, August 2026.

Software Listing Editorial Team·August 26, 2026·3 min read
Software Listing Editorial Team
Written by
Software Listing Editorial Team10+ yrs
SaaS & AI Research Desk · Thailand, Singapore, Vietnam, Indonesia, Philippines, Malaysia expertise

Dated changes for Curlec, PayMongo, and Airwallex, confirmed against primary sources between June 8 and August 26, 2026.

Curlec (Razorpay)

  • 2026-08-26: Curlec by Razorpay went live with DuitNow Pay, a single API that lets Malaysian merchants present participating banks and e-wallets through one checkout entry point. Curlec is among the first PayNet participants to offer DuitNow Pay to businesses. Sources: TechNode Global, RinggitPlus.
  • At checkout, customers pick a participating bank or e-wallet, authenticate inside that institution's own app, and return to the merchant after approving payment.
  • Saved payments and recurring billing (subscriptions, installments, scheduled billing) are not live at launch — Curlec says these arrive as PayNet enables them.
  • No pricing change announced alongside this integration. Curlec's Basic, Premium, and Enterprise (RM1 million+/month volume) tiers are unchanged.

PayMongo

  • 2026-06-08: PayMongo, Paymentology, and Mastercard launched a Virtual Prepaid Business Payment Card for Philippine SMEs — PayMongo's first virtual card product, and the first in the Philippine market to combine prepaid functionality with business-focused spend controls. Sources: BusinessWorld, The Fintech Times, Paymentology Newsroom.
  • No bank account required to get a card. SMEs onboard through PayMongo, fund the card from their existing PayMongo wallet, and can issue a card in under five minutes with no branch visit.
  • Paymentology and Mastercard extend card-processing infrastructure to PayMongo, so PayMongo issues the pre-funded cards without holding a banking license itself.
  • Fraud controls and transaction monitoring run on Paymentology's licensed infrastructure plus Mastercard and APATA compliance standards.
  • Unrelated to the card launch: PayMongo's Protect fraud-screening add-on is unchanged this cycle at ₱120,000/month platform fee plus ₱2.90–₱2.45 per screened transaction, tiered by volume. Source: PayMongo Protect.

Airwallex

  • 2026-06-25: Airwallex closed a $320 million Series H round led by returning investor Addition, with Baillie Gifford, Hummingbird, QED Investors, T. Rowe Price, Hedosophia, Haun Ventures, and Amex Ventures participating. Valuation: $11 billion, up from $8 billion in December 2025. Sources: BusinessWire, CNBC, TechNode Global.
  • 2026-08-20: In a Fortune interview, president Lucy Liu detailed T:0, Airwallex's automated bookkeeping product, describing it as running a company's finance department with human oversight kept in place. T:0 is in private beta; Airwallex has not announced a general-availability date. Source: Fortune.
  • Scale disclosed in that same coverage: 675,000+ businesses served, $1 billion+ in annualized run-rate revenue, EBITDA positive. Airwallex is targeting IPO readiness by year-end 2026; Liu said it's "not the best time" to go public.
  • No pricing change confirmed for Airwallex's existing multi-currency account, FX, or payment-processing products this cycle.

Notes on scope

We also checked Duitku, Midtrans, KiotViet, Loyverse, Ninja Van, Wallex, Volopay, Finmo, and iPay88 this cycle. None had a dated pricing, feature, or partnership change confirmed inside the last 30-60 days as of 2026-08-26 — Midtrans has Payment Link QR-sharing and Promo Management voucher-code releases attributed only to "July 2026" / "August 2026" in available coverage, without a verifiable exact date, so we excluded it rather than guess. Finmo's Gotrade partnership (2026-06-02) and Airwallex's own Malaysia e-money/Class A BNM approval (2026-04-01) and Indonesian PJP acquisition (2025-12-12) also fell outside this cycle's dated-update criteria; the Malaysia and Indonesia items pre-date the 30-60 day window and are logged here only for cross-reference against later editions.

Nine vendors checked, three that made the cut. If Curlec's DuitNow Pay integration adds saved-payment or recurring-billing support, or T:0 exits private beta, those are the follow-ups worth tracking in the next edition.

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