XTransfer has entered into a strategic partnership with SPD Bank’s Shanghai Branch, announced at the “XTransfer TradeVision Summit 2025”.
The partnership focuses on enhancing cooperation in areas such as local accounts, multi-currency settlement, and compliance risk control, with the aim of providing SMEs engaged in foreign trade with safer and more efficient global collection and cash management services.
SPD Bank has a history of embracing digital innovation and possesses extensive expertise in cross-border finance, with a long-standing commitment to supporting SMEs in global trade.
XTransfer specialises in B2B foreign trade finance and connects SMEs with major international financial institutions through technology-driven solutions.
Its services include foreign trade payments and collections, multi-currency cash management, and intelligent risk control.
The platform has served over 700,000 corporate clients globally.
Bill Deng, Founder and CEO of XTransfer, said:
“SPD Bank has significant experience and strong resources in cross-border financial services. By combining their expertise with XTransfer’s technology and global network, we aim to offer SMEs engaged in foreign trade a higher-quality financial infrastructure. This collaboration will support their steady growth in the global market.”
Zhang Xianfeng, Vice President of SPD Bank Shanghai Branch, added:
“SPD Bank will continue to collaborate closely with XTransfer, aiming to achieve the goal of ‘local accounts that connect the globe and explore new opportunities in foreign trade’. We are committed to enhancing our cross-border financial service system, providing robust financial support for Chinese enterprises expanding globally, and working with all industry stakeholders to promote high-quality development in foreign trade.”
Both parties intend to further their cooperation in local accounts, multi-currency settlement, and risk control system development.
The partnership seeks to advance innovation and strengthen China’s foreign trade financial ecosystem, enabling SMEs to access cross-border financial services comparable to those available to large multinational corporations.
Featured image credit: XTransfer
