XTransfer and BBVA Partner on Cross-Border Payments in Latin America and Europe
The collaboration builds digital payment rails to resolve ongoing foreign exchange constraints and settlement delays for small businesses trading internationally
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XTransfer has signed a MoU with global financial group BBVA to deepen cross-border payment infrastructure across Latin America and Europe.
The agreement, announced during the Money20/20 Europe 2026 event in Amsterdam, focuses on delivering integrated business-to-business financial solutions.
These services will span foreign exchange conversion, local payments, and cross-border payments across Latin America, Europe, and Hong Kong.
The companies will explore the use of application programming interfaces, digital platforms, and virtual accounts to support automated, real-time transaction processing.
The collaboration targets small and medium-sized enterprises engaged in international trade, aiming to streamline payment flows and improve operational connectivity.
Trade between China and Latin America has intensified recently. Platform data from XTransfer shows that payment collections from Latin America rose 94% year-on-year in 2025.
Despite this growth, many small firms face hurdles such as slow onboarding, foreign exchange constraints, and complex compliance. The alliance is designed to address these barriers directly.
For XTransfer, the partnership strengthens the depth of X-Net, its global unified cross-border settlement and risk management network.
Latin America has become a high-growth corridor for Chinese exporter settlements, and BBVA’s established presence across Latin America and Europe will support this geographic expansion.
The agreement also allows BBVA to connect with a network of more than 897,000 small business clients worldwide, expanding its reach in global payments across multiple regions.
Bill Deng
“Latin America remains an active but underserved trade corridor, where smaller enterprises still encounter significant challenges,”
said Bill Deng, Founder and CEO of XTransfer.
“Together, we aim to simplify cross-border finance and improve the efficiency and inclusivity for global traders.”
Ksenia Nekrasova
“Beyond the growth in flows, we are seeing a shift in how our clients operate,”
said Ksenia Nekrasova, Global Sector Co-Head of TMT at BBVA.
“This agreement allows us to anticipate that evolution, supporting these clients in their international expansion with solutions designed for their scale.”
Featured image credit: Edited by Fintech News Hong Kong, based on image by XTransfer
