Tag: xtransfer

Multiple payment fintechs have announced expanded offerings across Apac, reflecting a growing cross-border payment space that might challenge traditional players, especially for SMEs.

The major payment institution license will help the Chinese firm facilitate payments for SMEs across Vietnam, Malaysia, Philippines, Singapore, Indonesia and Thailand.

The agreement will help XTransfer's clients use alternative payment methods in Brazil, Chile, Colombia, Mexico and Peru, as trade moves online.

The Chinese SME cross-border payment platform wants to facilitate Chinese merchants’ local currency collection in markets where trade flows are growing, including Africa.

XTransfer is the first foreign company granted a NRQC status by the Bank of Thailand, signifying a milestone in cross-border e-commerce settlement both for Thai and Chinese vendors and buyers.

China’s market leader in B2B cross-border transfer is expanding its global network, including in Malaysia, Hong Kong and Singapore. Bill Deng, founder and CEO at XTransfer, discusses the firm’s vision with CT and how competition will ramp up in the space.