diff --git a/plugins/woocommerce/assets/images/payment_methods/72x72/airwallex.png b/plugins/woocommerce/assets/images/payment_methods/72x72/airwallex.png
index 0e5abfcf6ec..40725ae4518 100644
Binary files a/plugins/woocommerce/assets/images/payment_methods/72x72/airwallex.png and b/plugins/woocommerce/assets/images/payment_methods/72x72/airwallex.png differ
diff --git a/plugins/woocommerce/changelog/45694-update-airwallex-gateway-png b/plugins/woocommerce/changelog/45694-update-airwallex-gateway-png
new file mode 100644
index 00000000000..38df97f544e
--- /dev/null
+++ b/plugins/woocommerce/changelog/45694-update-airwallex-gateway-png
@@ -0,0 +1,4 @@
+Significance: patch
+Type: update
+Comment: Non functional change: update airwallex image
+