XTransfer, a B2B cross-border payment platform, made its debut at the Singapore Fintech Festival (SFF) 2024 as a Gold Sponsor.
The company aims to expand its presence in Southeast Asia, offering secure and efficient payment solutions to SMEs in the region.
XTransfer’s CEO, Bill Deng, spoke at several panel discussions and explored collaborations with international financial institutions.
Earlier this year, XTransfer achieved notable progress in ASEAN, including executing its first onshore Thai Baht trade in Thailand under revised regulations.
Facilitated by Deutsche Bank, the initiative allows Thai buyers to make local payments through PromptPay, which are seamlessly converted for exporters.
XTransfer also received in-principle approval from the Monetary Authority of Singapore in July for a Major Payment Institution License.
Once finalised, the license will enable the company to provide comprehensive e-business wallet services tailored for SMEs.
These will include seamless account opening, top-up options, efficient currency exchange, and streamlined cross-border fund collection and payment solutions.
“We are very pleased to participate in the Singapore Fintech Festival.
We hope to serve SMEs in Singapore in the future, radiating to the ASEAN region, utilising technology to help SMEs efficiently participate in global trade and enhance their global competitiveness.”
said Bill Deng, Founder and CEO of XTransfer.
Featured image credit: Edited from Freepik