XTransfer has expanded its X-Net settlement infrastructure into Latin America, aiming to address persistent cross-border payment challenges faced by SMEs engaged in international trade.
X-Net is a B2B cross-border settlement and risk management network that connects banks and financial institutions with SMEs.
The platform standardises collections, payouts, and compliance workflows, with the goal of reducing friction around account access, foreign exchange costs, settlement delays, and regulatory complexity.
The expansion comes as trade activity between China and Latin America continues to accelerate.
XTransfer reported a 94% year-on-year increase in Latin America collections in 2025. This significantly outpaced China’s 8% export growth to the region.
Company survey data covering more than 3,000 SME users showed improving regional trade conditions. Latin America’s export order index reached 56.47 in March 2026, compared with a global reading of 53.85.
“Emerging markets are central to XTransfer’s expansion, and in Latin America. Next, we’ll deepen coverage in Brazil and Mexico while expanding into growth markets like Chile, Colombia, Peru, and Argentina,”
said Violas Xiao, Singapore and LatAm CEO at XTransfer.
Xiao added that the company focuses on improving minor-currency liquidity and automating risk controls. This is to enable more predictable and compliant cross-border payments for SMEs.
X-Net operates as a hybrid settlement and risk-control layer that works with financial institutions to streamline fund flows and compliance processes.
It is positioned as infrastructure that brings institutional-grade payment capabilities to smaller exporters and importers.
Featured image credit: Edited by Fintech News Hong Kong, based on image by noob via Magnific
