• Latest
  • Trending
XTransfer extends payment services to over 200 countries

XTransfer extends payment services to over 200 countries

January 18, 2024
Edtech startup The Invigilator raises $11 million to scale its AI platform

Edtech startup The Invigilator raises $11 million to scale its AI platform

September 6, 2025
iXAfrica receives RMB financing to fast-track 20 MW expansion in Nairobi

iXAfrica receives RMB financing to fast-track 20 MW expansion in Nairobi

September 6, 2025
OpenAI challenges LinkedIn with new AI-powered hiring platform

OpenAI challenges LinkedIn with new AI-powered hiring platform

September 6, 2025
Tanzanian fintech NALA takes its services to Kenya

Tanzanian fintech NALA takes its services to Kenya

September 6, 2025
Call of Duty movie: Paramount, Activision strike deal for live-action adaptation

Call of Duty movie: Paramount, Activision strike deal for live-action adaptation

September 5, 2025
Meta Brings Back Facebook Poke with Emojis and Streaks

Meta Brings Back Facebook Poke with Emojis and Streaks

September 5, 2025
Know why they’re calling: Truecaller launches AI-powered insights

Know why they’re calling: Truecaller launches AI-powered insights

September 5, 2025
Visa harnesses local partnerships to launch Visa Pay in DR Congo

Visa harnesses local partnerships to launch Visa Pay in DR Congo

September 5, 2025
Betika denies recent reports of security breach

Betika denies recent reports of security breach

September 5, 2025
10 things you can actually buy with crypto in Africa

10 things you can actually buy with crypto in Africa

September 5, 2025
Your one-stop tech hub! Get the latest updates on AI, cybersecurity, fintech, and emerging technologies.
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • General News
    • How To
    • Reviews
  • Cryptocurrency
  • Fintech
  • Startups
  • Ai
No Result
View All Result
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • General News
    • How To
    • Reviews
  • Cryptocurrency
  • Fintech
  • Startups
  • Ai
No Result
View All Result
Techpression
No Result
View All Result
Home Tech News Africa Tech News

XTransfer extends payment services to over 200 countries

Ibukunoluwa Bankole by Ibukunoluwa Bankole
January 18, 2024
140 10
0
XTransfer extends payment services to over 200 countries
465
SHARES
Share on FacebookShare on TwitterWhatsAppTelegram

XTransfer, China’s leading B2B cross-border trade payment platform, has officially launched its international services, extending its footprint to over 200 countries and regions globally.

After initially introducing international services in Hong Kong in April last year, the platform aims to cater to Micro-, Small, and Medium-sized Enterprises (MSMEs) engaged in cross-border trade.

Commitment to MSMEs and Impressive Market Presence. Founded in 2017, XTransfer has demonstrated a steadfast commitment to China’s domestic market, focusing on providing secure, compliant, fast, convenient, and cost-effective cross-border trade payment solutions for MSMEs. With a customer base surpassing 400,000 enterprises, XTransfer has earned the status of a fintech unicorn and is recognized as the top platform in China’s industry.

Read also: Bank of Tanzania grants authorisation to DPO Pay for digital payment services

RelatedPosts

Link Mobility expands to South Africa with $145 SMSPortal’s acquisition

Tranglo expands to Africa, brings cross-border payments to 7 nations

How the first ever tokenised wearable technology in Somalia is shaping Africa’s financial landscape

Global Expansion and Market Reception

In mid-2023, XTransfer entered Hong Kong’s market, extending cross-border trade payment and financial services to local trading enterprises. The platform has already received positive feedback and inquiries from markets such as Hong Kong, Nigeria, and Vietnam, having served over 1,000 overseas trading enterprises. Currently, around 30,000 businesses are seeking consultation for account opening services.

Future Global Presence and CEO’s Vision

In 2024, XTransfer plans to fully expand its services worldwide, including regions like the U.S.A, Canada, the United Kingdom, Southeast Asia, South Asia, Africa, the U.A.E, and Latin America. Bill Deng, Founder and CEO of XTransfer, emphasized the company’s active partnerships with local licensed financial institutions globally to provide innovative cross-border payment solutions for local MSMEs.

Addressing Challenges Faced by Global MSMEs

Acknowledging the challenges faced by global MSMEs in obtaining sound financial services from traditional banks, XTransfer has built a data-based, automated, Internet-powered, and AI anti-money laundering risk management infrastructure. This has gained the trust of international financial institutions like J.P. Morgan Chase Bank, DBS Bank, and Deutsche Bank. XTransfer aims to enable MSME clients to open accounts with renowned financial institutions, offering secure and compliant cross-border collection and payment services.

Bank of Ghana approves Cross Switch International and Cross Switch Ghana’s payment services

Transformative Impact on Trade Capital Flow

XTransfer clients benefit from services such as convenient cross-border collection and payment, efficient foreign exchange, and more. The platform facilitates secure and compliant 24/7 payment settlement, potentially saving 95% of remittance fees and 20% of currency conversion costs. This efficiency is expected to result in hassle-free trade capital flow, providing a unified platform for global buyers and sellers and saving up to 10% of trade costs along the entire chain.

Driving Financial Inclusion for MSMEs Globally

As an innovative unicorn, XTransfer remains dedicated to its mission of enhancing financial inclusion for MSMEs worldwide. The platform supports MSMEs through Generative AI tools to improve competitiveness, foster business growth, and reduce potential inequality in the global marketplace. With its global expansion, XTransfer aims to bring extreme convenience to MSMEs engaged in cross-border trade.

Tags: countriesPaymentservicesXtransfer
Ibukunoluwa Bankole

Ibukunoluwa Bankole

No Result
View All Result

Quick Links

  • Tech News
  • Cryptocurrency
  • Fintech
  • Startups
  • Business

Follow Us:

  • facebook
  • instagram
  • Twitter(X)
  • Linkedin
  • YouTube
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2025 Techpression.com -Techpression Media Limited

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

We are using cookies to give you the best experience on our website.

You can find out more about which cookies we are using or switch them off in .

No Result
View All Result
  • Home
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • Reviews
    • How To
    • General News
  • Cryptocurrency
  • Business
  • Fintech
  • Startups
  • Featured
  • Ai
  • Tech TV

© 2025 Techpression.com -Techpression Media Limited

techpression.com
Powered by  GDPR Cookie Compliance
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.

Strictly Necessary Cookies

Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.

3rd Party Cookies

This website uses Google Analytics to collect anonymous information such as the number of visitors to the site, and the most popular pages.

Keeping this cookie enabled helps us to improve our website.