Case Study: McLaren Racing streamlines cross-border payments with Airwallex

McLaren Racing modernizes cross-border payments with Airwallex

McLaren Racing, the United Kingdom-based Formula 1 team, needed a faster, more efficient way to manage cross-border payments while staying within the sport’s cost cap. Its finance team was spending hours on manual international payment runs, dealing with slow transfers, FX charges, and the complexity of paying suppliers across multiple currencies. The team used Airwallex Global Accounts to modernize these operations.

With Airwallex, McLaren Racing automated and streamlined payment workflows through a mobile and web app, enabling batch payouts, local-currency payments, and easier integration with banking and accounting systems. The results included onboarding in 14 days, saving half a day per month on international payment runs, and more than $5,000 saved on FX fees so far, with many local payments arriving within hours or instantly.

McLaren Racing

Laura Bowden

Chief Financial Officer