CEO Speaks in FinTech Panel Discussions
HONG KONG SAR – Media OutReach Newswire – 4 November 2024 – XTransfer, the World’s Leading & China’s No.1 B2B Cross-Border Trade Payment Platform, was featured at Hong Kong Fintech Week 2024 last week as both an exhibitor and a main sponsor. The event attracted significant attention to XTransfer‘s booth, where attendees learned about the company’s innovation for secure and speedy global trade payments for SMEs. Bill Deng, Founder and CEO of XTransfer, participated in multiple panel discussions, engaged with leaders from international financial institutions and attended private meetings with various government representatives to explore collaboration opportunities.
When discussing XTransfer’s global expansion, Bill said, “We have observed that emerging countries, particularly those in the ASEAN region, Africa, and South America, are experiencing a rise in cross-border trade. However, SMEs in these emerging markets often encounter challenges, such as being “unbanked” and lacking access to US dollars.”
“XTransfer is actively expanding into emerging markets such as Saudi Arabia, Qatar and the United Arab Emirates in the Middle East; Nigeria and Kenya in Africa; Indonesia, Vietnam and the Philippines in Southeast Asia; as well as Mexico and Brazil in South America. When both buyer and seller use an XTransfer account, they can utilise the XTransfer-to-XTransfer (X2X) payment service, which allows them to conduct “Account-to-Account” payments, enabling seamless transactions between the buyer and seller as if they were making a “local transfer”. This significantly improves operational capital efficiency for enterprises and promotes global trade.” Bill added
Finally, Bill pointed out, “In our first six years, we have been focusing on the Mainland China market, assisting SMEs with their foreign trade collection needs. In 2023, we took our first step toward global expansion by entering the Hong Kong market. This year, we participated in the Hong Kong FinTech Week for the first time, and it was incredibly rewarding. We not only broadened our horizons but also showcased our strengths to industry and the public. We look forward to continuing our promotion of fintech innovation in cross-border payments in collaboration with international financial institutions and governments.”
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XTransfer
XTransfer, World’s Leading & China’s No.1 B2B Cross-Border Trade Payment Platform, is dedicated to providing SMEs with secure, compliant, fast, convenient and low-cost foreign trade payment & fund collection solutions, significantly reducing the cost of global expansion and enhancing global competitiveness. Founded in 2017, the company is headquartered in Shanghai and has branches in Hong Kong SAR, the United Kingdom, the Netherlands, the United States, Canada, Australia, Singapore, Vietnam, Thailand, Malaysia, the Philippines, the UAE, Nigeria, etc. XTransfer has obtained local payment licenses in Hong Kong, the United Kingdom, the United States, Canada, and Australia. With more than 550,000 enterprise clients, XTransfer has become the industry No.1 in China.
By cooperating with well-known multinational banks and financial institutions, XTransfer has built a unified global multi-currency clearing network and built a data-based, automated, Internet-based and intelligent anti-money laundering risk control infrastructure centred on small and medium enterprises. XTransfer uses technology as a bridge to link large financial institutions and small and medium enterprises around the world, allowing SMEs to enjoy the same level of cross-border financial services as large multinational corporations.
XTransfer completed its Series D financing in September 2021 and achieved unicorn status. The Company possesses a diverse composition of international investors, including D1 Capital Partners LP, Telstra Ventures, China Merchants Venture, eWTP Capital, Yunqi Capital, Gaorong Capital, 01VC, MindWorks and Lavender Hill Capital Partners.
For more information: https://www.xtransfer.com/
