Cross-border money transfer platform, XTransfer, expands to a client base of 700,000 users worldwide.
In a significant milestone, XTransfer, the world's leading and China's No.1 B2B cross-border trade payment platform, has announced its continued growth and commitment to supporting small and medium-sized enterprises (SMEs) in their global expansion.
Based in China, XTransfer operates in the cross-border trade payment industry, offering a comprehensive suite of one-stop cross-border financial solutions tailored for SMEs. With a global enterprise customer base exceeding 700,000, XTransfer is a global leader in the B2B cross-border trade payment sector.
XTransfer's platform facilitates seamless and efficient payments and collections across borders, reducing transaction costs and addressing foreign exchange challenges. This is achieved through partnerships like the one with the Ecobank Group in Africa, which helps African SMEs pay and receive funds in their local currencies, simplifying trade with Chinese clients and others.
The platform is underpinned by AI-driven tools and platform services, such as the proprietary TradePilot system and AI-powered CRM. These features support SMEs with multilingual letter writing, instant website building, and an "AI Employee" service, helping SMEs with limited technical or language capacity quickly reach global buyers, manage operations, and digitally transform their businesses in a data-secure environment.
XTransfer's global financial infrastructure enables access for SMEs in more than 200 countries, with robust technology architecture ensuring reliability, security, and compliance with international data privacy norms. The platform also provides risk control and wealth management services, complementing the payment infrastructure to provide SMEs with a full suite of financial tools critical for managing cross-border trade effectively.
XTransfer places a strong focus on emerging markets, leveraging local and international banking networks to support SMEs expanding globally while addressing specific market needs such as currency conversion, compliance, and trade finance.
In summary, XTransfer’s one-stop solutions integrate payment collection, foreign exchange management, AI-enhanced trade operations tools, risk control, and financial services into a seamless platform specifically designed to empower SME players in global B2B trade, with demonstrated impact in diverse regions including Africa and China.
The issuer assumes full responsibility for the content of the announcement, and this article serves as a testament to XTransfer's remarkable achievements in enabling businesses to capitalize on opportunities in emerging markets and providing SMEs with secure, convenient, and compliant one-stop cross-border financial solutions.
[1] XTransfer partners with Ecobank Group to support African SMEs in global trade. (2021). XTransfer. https://www.xtransfer.co/en/news/xtransfer-partners-with-ecobank-group-to-support-african-smes-in-global-trade
[2] XTransfer launches AI-powered CRM and TradePilot system to support SMEs. (2021). XTransfer. https://www.xtransfer.co/en/news/xtransfer-launches-ai-powered-crm-and-tradepilot-system-to-support-smes
[3] XTransfer expands global footprint with new partnerships and solutions. (2021). XTransfer. https://www.xtransfer.co/en/news/xtransfer-expands-global-footprint-with-new-partnerships-and-solutions
[4] OCBC Bank and XTransfer partner to provide SMEs with trade finance solutions. (2021). OCBC Bank. https://www.ocbc.com/news-and-media/ocbc-bank-and-xtransfer-partner-to-provide-smes-with-trade-finance-solutions
[5] XTransfer's focus on emerging markets: Empowering SMEs to expand globally. (2021). XTransfer. https://www.xtransfer.co/en/news/xtransfers-focus-on-emerging-markets-empowering-smes-to-expand-globally
- Despite operating primarily in China, XTransfer's partnership with OCBC Bank signifies its expansion into the finance industry, aiming to offer trade finance solutions to SMEs beyond its home base.
- XTransfer's commitment to technology is evident in their recent launch of an AI-powered CRM and TradePilot system, aiming to support small and medium-sized enterprises (SMEs) in their digital transformation and cross-border trade management.
