Stripe quietly tests Airwallex rival with startups ahead of full Aust…

Stripe is quietly trialling its Treasury business banking product with Australian startup executives ahead of a full launch later in 2026, positioning it as a direct competitor to Airwallex and Wise. Treasury allows businesses to hold, send and receive multiple currencies and stablecoins on a single platform with instant settlement and free transfers between Stripe-connected businesses. If you're using Airwallex or Wise for cross-border operations, Stripe just became your platform's competitor and is signing up your peers this month. You'll need to evaluate whether you stay loyal to a specialist or consolidate onto a generalist that owns your payment rails.