Cross-Border Payment Platform XTransfer Expands to 200+ Nations, Aids MSMEs

Cross-Border Payment Platform XTransfer Expands to 200+ Nations, Aids MSMEs

by January 8, 2024

XTransfer, a cross-border trade payment platform from China, announced its international expansion to over 200 countries and regions worldwide. This follows the company’s launch in Hong Kong in 2023, with a recent entry into Vietnam.

The company now serves micro, small and medium enterprises (MSMEs) globally with convenient, fast and low-cost solutions for international trade payments. XTransfer has also partnered with major banks worldwide such as such as J.P. Morgan Chase Bank, DBS Bank, and Deutsche Bank to provide compliant payment accounts and services for MSMEs.

With the mission of supporting MSMEs worldwide, the company aims to build global payment infrastructure and facilitate international trade. Its platform is reported to save clients up to 95 percent on remittance fees and 20 percent on foreign exchange costs.

XTransfer Bill Deng

Bill Deng

“The company will actively partner with local licensed financial institutions in different regions to provide innovative cross-border payment solutions for local MSMEs to help them expand their business globally,” said Bill Deng, Founder and CEO of XTransfer.

Headquartered in Shanghai, XTransfer is a fintech unicorn founded in 2017 that serves over 400,000 customers. Its international expansion this year covers the Americas, Europe, Africa, the Middle East, South Asia and more.

Featured image credit: Edited from Freepik