With the continuous improvement of China’s industrial chain and the sustained development of foreign economic and trade, China’s trade in goods is accelerating towards the global world.
XTransfer, a financial technology company from China, has joined hands with many financial institutions around the world to build a global multi-currency cross-border payment system, which has become an important financial infrastructure to promote this trend. It not only provides strong support for Chinese companies to go overseas, but also benefits global trade.
At the world-renowned financial technology exhibition “Money” held recently in Amsterdam, the Netherlands
20/20”, XTransfer announced that after nearly 9 years of rapid and stable development, the company has established cooperative relationships with more than 170 financial institutions around the world, and its local collection accounts cover more than 60 countries and regions.
As of 2025, the platform has served more than 890,000 customers, with business covering nearly 200 countries and regions around the world. The total annual payment transaction volume reached US$60 billion, making it one of the world’s largest B2B cross-border trade payment platforms.
The CEO of XTransfer said that in the past four or five years, China’s foreign trade with developed countries has maintained steady growth, while its foreign trade with developing countries in Africa, South America, Southeast Asia and other places has shown rapid growth.
This is not only reflected in macro data, but also their personal experience of serving local Chinese customers and local merchants.
Compared with developed countries, the financial infrastructure of some developing countries is relatively backward, especially in the cross-border payment and exchange of small currencies. There is a large demand.
In order to better serve Chinese companies going overseas, the company has successively cooperated with mainstream financial institutions around the world to continuously improve cross-border payment products, rapidly expand service coverage, help more Chinese merchants go overseas more efficiently, and conform to the trend of accelerated development of China’s foreign trade.
In the process, its cross-border payment products and services have also been recognized by more and more overseas customers, and are widely used in trade between merchants in different countries and regions, truly benefiting the world.
The CEO emphasized that the cross-border payment industry must not only solve payment and exchange issues, such as helping Chinese merchants convert small currencies received from developing countries into mainstream stable currencies and withdraw them domestically, but more importantly, solve risk control problems, ensure that every financial transaction has a real trade background, and provide customers with security guarantees in terms of anti-money laundering and eliminating non-compliant transactions.
Thanks to the rapid development of artificial intelligence technology, the company has built a relatively complete and powerful risk control system.
While building a global cross-border trade payment and settlement network for global enterprises, especially small, medium and micro enterprises, it also reduces global trade settlement costs and effectively improves risk control efficiency.
The CEO said that for a long time, many merchants around the world, including Chinese small and medium-sized enterprises, have faced the dual problems of “exchange difficulties” and “risk control” in cross-border trade, and now they have found a solution.
During the exhibition, the company completed contracts or reached cooperation with many institutions such as BBVA and Société Générale, which is expected to help global small and medium-sized enterprises collect, pay and exchange money more efficiently in different markets such as Europe and Latin America.
“The global cross-border trade payment platform we built initially served Chinese merchants to sell goods around the world, and now it has increasingly helped global sellers sell goods around the world. In the process, we have witnessed that Chinese financial technology companies are rapidly integrating into the global mainstream financial ecosystem.” The CEO said, “What we hope to build is a cross-border payment infrastructure for the B2B industry, just like what Visa and Mastercard did in the 2C industry.”
“Money
20/20” is one of the most authoritative and influential financial technology events in the world. This year, more than 2,200 investment companies, banking giants, and financial technology leaders from about 100 countries and regions around the world participated in the exhibition to discuss the development trends and prospects of the financial technology industry.
