XTransfer has entered into a partnership with the Shanghai branch of China Zheshang Bank (CZBank).
The agreement was signed during the “XTransfer TradeVision Summit 2025” and focuses on strengthening cooperation in cross-border finance.
The two parties will work together to provide Chinese foreign trade enterprises with more secure, efficient and convenient global collection and cash management services.
The partnership is positioned as a step towards supporting SMEs and advancing the digital transformation of international trade.
CZBank has experience in cross-border finance and supply chain finance, alongside service capabilities and a record of innovation.
Its collaboration with XTransfer aims to help Chinese exporters establish global collection channels more efficiently while reinforcing the security and convenience of international capital flows.
XTransfer provides services such as foreign trade payment and collection, multi-currency cash management and risk control solutions.
Bill Deng, Founder and Chief Executive Officer of XTransfer, said:
“By combining their strengths with XTransfer’s innovative technology and global network, we will work together to provide foreign trade enterprises with high-quality financial infrastructure, enabling them to grow steadily in global markets.”
Yan Jun, Vice President of CZBank Shanghai Branch, commented:
“CZBank is dedicated to supporting SMEs in their efforts to develop cross-border trade. Our partnership with XTransfer marks an important step in expanding our global financial services network. We will leverage XTransfer’s platform advantages alongside our financial expertise to create a more professional and resilient cross-border financial service system, empowering Chinese enterprises to expand their reach and operate globally.”
Looking ahead, both parties plan to expand their cooperation in areas including local account services, multi-currency settlement, risk control system development and entry into emerging markets, with the aim of contributing to innovation within China’s foreign trade financial ecosystem.
Featured image credit: XTransfer
