Latest news with #CrossBorderTrade
Yahoo
4 days ago
- Business
- Yahoo
XTransfer Attends Brazil's Largest E-Commerce Summit
Focusing on the Development of the Brazilian and Latin American Markets São Paulo, Brazil--(Newsfile Corp. - August 13, 2025) - XTransfer, the World's Leading & China's No.1 B2B Cross-Border Trade Payment Platform, recently participated in Fórum E-Commerce Brasil 2025, the largest and most influential e-commerce summit in Brazil. The event brought together leading Latin American e-commerce platforms, including Mercado Libre, Amazon, and TikTok, among others. During the event, XTransfer announced its commitment to deepening its presence in Brazil and the Latin American market, partnering with local banks and financial institutions to provide secure, convenient, and compliant cross-border payment solutions for SMEs in Brazil and across Latin America. XTransfer's Leader in Brazil Office at the Forum. To view an enhanced version of this graphic, please visit: Currently, Brazil is the largest e-commerce market in Latin America. According to data from Latin American analytics platform PCMI, Brazil's total e-commerce transaction volume exceeded USD 346 billion in 2024. The platform also forecasts that by 2027, over two-thirds of Brazilians will be online shoppers, and e-commerce transaction volume will reach USD 586 billion. The number of online shoppers in Brazil has surpassed 100 million, with cross-border shopping demand continuously growing, and more SMEs actively participating in international trade. The overall e-commerce market in Latin America is also experiencing rapid development, showing enormous potential. XTransfer's Leader in Brazil Office stated at the forum, "The e-commerce development in Brazil and Latin America is booming, and consumers' demand for cross-border payments and local collection is increasing. XTransfer is working closely with local banks and financial institutions in Brazil to provide SMEs with safe, compliant, and low-cost local payment and collection services, helping companies reduce international payment costs, improve operational efficiency, and seize global opportunities." Through XTransfer accounts, global foreign trade enterprises can directly receive payments from Brazilian buyers in Brazilian Real (BRL). Buyers in Brazil and across Latin America can use PIX (Brazil's instant payment method) to pay suppliers in China and worldwide in BRL, eliminating the need for complex foreign exchange procedures and reducing intermediaries and exchange losses. In the future, XTransfer will continue to expand its cooperation network in the Latin American market, promote global trade facilitation, and empower more enterprises to go international. Hashtag: #XTransfer #Crossborder #Payment #SMEs #EmergingMarkets #Brasil The issuer is solely responsible for the content of this announcement. About XTransfer XTransfer, the world-leading and China's No.1 B2B Cross-Border Trade Payment Platform, is dedicated to providing small and medium-sized enterprises (SMEs) with secure, compliant, fast, convenient and low-cost foreign trade payment and 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, and Nigeria. XTransfer has obtained local payment licences in Mainland China, Hong Kong SAR, Singapore, the United Kingdom, the Netherlands, the United States, Canada, and Australia. To date, XTransfer serves over 700,000 enterprise clients worldwide. 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, and Nigeria. XTransfer has obtained local payment licences in Mainland China, Hong Kong SAR, Singapore, the United Kingdom, the Netherlands, the United States, Canada, and Australia. By cooperating with well-known multinational banks and financial institutions, XTransfer has built a unified global multi-currency clearing network and a data-based, automated, internet-based and intelligent anti-money laundering risk control infrastructure centred on SMEs. XTransfer uses technology as a bridge to link large financial institutions and SMEs 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 has 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, please visit: Maggie Ng PR Director To view the source version of this press release, please visit
Zawya
11-07-2025
- Business
- Zawya
XTransfer: Pioneering AI-Driven Transformation in B2B Foreign Trade Payment
HONG KONG SAR - Media OutReach Newswire - 11 July 2025 - In the era of global economic integration, small and medium-sized enterprises (SMEs) face both unprecedented challenges and exciting new opportunities. XTransfer, the World's Leading & China's No.1 B2B Cross-Border Trade Payment Platform, is empowering over 700,000 SMEs across more than 200 countries with innovative financial solutions. The company's relentless pursuit of technological advancement, especially in artificial intelligence (AI), is redefining the standards of risk control and digital transformation in the foreign trade finance industry. TradePilot: The First Large Language Model in Foreign Trade Finance At the core of XTransfer's innovation is TradePilot, the first large language model (LLM) tailored for the global foreign trade financial sector. Starting development in 2023, TradePilot was designed to leverage cutting-edge AI technologies, such as multimodal information extraction, long-context processing, and AI agents, to address the unique complexities of B2B international trade. TradePilot's journey has been marked by rapid iteration and real-world validation. In June 2024, two versions of TradePilot outperformed both domestic and international LLMs, including GPT-4, in a professional knowledge assessment, winning first place. This achievement highlights not only XTransfer's technical prowess but also the rising maturity of China's AI ecosystem in mission-critical financial applications. Enhancing Risk Control and Anti-Money Laundering One of the most significant applications of AI at XTransfer is in risk management, particularly anti-money laundering (AML) controls. B2B cross-border trade introduces data challenges, transactions are often fragmented, unstandardized, and partially offline, making it hard to monitor and assess risks. Traditional banks, reliant on manual AML checks, have struggled to efficiently serve SMEs due to high costs and operational inefficiencies. XTransfer's solution is a data-driven, automated AML risk control infrastructure, powered by TradePilot. By transforming unstructured business and transaction data into structured, analyzable formats, TradePilot enables precise risk prediction and real-time anomaly detection. For example, the system can flag suspicious export patterns that deviate from a country's industrial profile or automatically match buyer and seller information across various documents, such as proforma invoices and logistics papers, enhancing both compliance and operational efficiency. The results speak for themselves: what once required laborious manual intervention can now be handled at scale, allowing banks and financial institutions to serve SMEs with the same rigour and security as multinational corporations. This boosts financial inclusion and levels the playing field for smaller businesses in global trade. Intelligent Customer Service and Digital Empowerment Beyond risk control, AI infuses every side of XTransfer's product ecosystem. The company's intelligent customer relationship management (CRM) system leverages TradePilot for enhanced semantic understanding, emotion recognition, and effective response generation. Since integrating TradePilot, XTransfer's AI-driven customer service resolution rate has soared from 13% to over 84%, dramatically improving user satisfaction and operational scale. XTransfer's CRM also features AI-powered tools such as multilingual letter writing, instant website building, and the pioneering "AI Employee" service. These innovations help SMEs with limited technical or language resources to efficiently reach global buyers, manage operations, and establish an online presence, in as little as 30 seconds. Over 10,000 foreign trade businesses have already benefited from these services, lowering the barriers to digital adoption and accelerating their international growth. Commitment to Data Security and Future Outlook XTransfer's technological architecture is built on robust, distributed computing principles, ensuring high performance and reliability. The company adheres strictly to international and regional laws regarding data privacy, employing encryption, access controls, and audit mechanisms to safeguard user data. Looking forward, XTransfer aims further to promote the adoption of its AI-powered TradePilot model, thereby accelerating the digital transformation of the B2B foreign trade finance sector. Weitong Li, Senior Technology Director of XTransfer, emphasises that the successful deployment of TradePilot is both a testament to XTransfer's innovation and a catalyst for smarter, safer, and more accessible global trade. As foreign trade becomes increasingly intelligent and data-driven, XTransfer stands at the forefront, empowering SMEs to explore broader markets and seize new opportunities in the evolving global economy. Hashtag: #XTransfer #AI #Tradepilot #LLM #LargeLanguageModel #Crossborder #Payment #SMEs The issuer is solely responsible for the content of this announcement. About XTransfer XTransfer, the world-leading and China's No.1 B2B Cross-Border Trade Payment Platform, is dedicated to providing small and medium-sized enterprises (SMEs) with secure, compliant, fast, convenient and low-cost foreign trade payment and 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, and Nigeria. XTransfer has obtained local payment licences in Mainland China, Hong Kong SAR, Singapore, the United Kingdom, the Netherlands, the United States, Canada, and Australia. With more than 700,000 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 a data-based, automated, internet-based and intelligent anti-money laundering risk control infrastructure centred on SMEs. XTransfer uses technology as a bridge to link large financial institutions and SMEs 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, please visit: XTransfer
Zawya
24-06-2025
- Business
- Zawya
XTransfer Wins Best Payments and Collections Solution at The Asset Triple A Awards 2025
HONG KONG SAR - Media OutReach Newswire - 24 June 2025 - XTransfer, the World's Leading & China's No.1 B2B Cross-Border Trade Payment Platform, is proud to announce that, together with Deutsche Bank, it has been awarded the "Best Payments and Collections Solution – Hong Kong" at The Asset Triple A Awards 2025. The "Best Payments and Collections Solution – Hong Kong" award acknowledges XTransfer's remarkable accomplishments in advancing payment and collection solutions. In collaboration with Deutsche Bank, XTransfer offers the "Global Multi-Currency Account", which allows clients to seamlessly receive multiple currencies within a single account, significantly enhancing treasury management efficiency. This award highlights the outstanding capabilities of both parties in providing efficient, secure, and convenient cross-border payment and collection services for small and medium-sized enterprises (SMEs). Bill Deng, Founder and CEO of XTransfer, remarked, "We are deeply honoured to receive The Asset Triple A Award. This recognition is a testament to the exceptional efforts of our team in providing secure, low-cost, fast, and convenient payment solutions for global foreign trade enterprises. From the very beginning, XTransfer has been committed to helping businesses overcome the complexities and high costs of cross-border payments through technological innovation and high-quality financial services, enabling them to compete in the global economy with lower barriers to entry. Looking ahead, XTransfer will further strengthen its collaboration with Deutsche Bank and other leading international financial institutions to enable enterprises to enjoy the same level of cross-border financial services as large multinational corporations." Chintan Shah, Deutsche Bank's Head of Corporate Coverage for APAC & MEA said: "One of our core strengths as a Global Hausbank is helping companies expand their reach through our cross-border payment capabilities and broad global network. We are delighted for our multi-currency payment solution for XTransfer to be recognised by The Asset, and we look forward to continuing to find new and innovative ways to help them broaden their capabilities, streamline processes and empower their clients to navigate global trade to increase their competitiveness." The Asset Triple A Awards, organised by The Asset magazine, holds high esteem within the financial industry and celebrates outstanding achievements and best practices of companies that have launched or helped implement initiatives in corporate treasury management, trade finance, supply chain and/or risk management in Asia Pacific, the Middle East, Europe and North America. Hashtag: #XTransfer #TheAsset #3AAwards #DeutscheBank #Crossborder #Payment #SMEs The issuer is solely responsible for the content of this announcement. About XTransfer XTransfer, the world-leading and China's No.1 B2B Cross-Border Trade Payment Platform, is dedicated to providing small and medium-sized enterprises (SMEs) with secure, compliant, fast, convenient and low-cost foreign trade payment and 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, and Nigeria. XTransfer has obtained local payment licenses in Mainland China, Hong Kong SAR, Singapore, the United Kingdom, the Netherlands, the United States, Canada, and Australia. With more than 600,000 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 a data-based, automated, internet-based and intelligent anti-money laundering risk control infrastructure centred on SMEs. XTransfer uses technology as a bridge to link large financial institutions and SMEs 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, please visit: XTransfer
Zawya
09-05-2025
- Business
- Zawya
Nigeria: Customs CG to discuss cross border trade, security at UNIFEMGA's 2025 reunion
The Comptroller-General, Nigeria Customs Service (NCS), Bashir Adewale Adeniyi, will on Saturday deliver the lecture at the 2025 edition of the annual national reunion conference of the Obafemi Awolowo University Muslim Graduates' Association (UNIFEMGA). At the conference scheduled to take place at the Oduduwa Hall of the Obafemi Awolowo University, Ile-Ife, Adeniyi will give a discourse on cross border trade and security. A statement signed by the chairman of the planning committee, Professor Sirajudeen Obayopo and Public Relations Officer (PRO), Ibrahim Fagbenro, stated that Adeniyi, an OAU alumnus, would speak on the topic, 'Cross Border Trade and Security Implications On the Nigerian Economy: Taking Advantage of Global Trade Dynamics'. According to the statement, the three-day conference, running from Friday (today) to Sunday, promises a rich array of activities aimed at fostering intellectual discourse, networking and community engagement. The event is expected to be graced by the Osun State governor, Senator Nurudeen Ademola Adeleke, as the special guest of honour; the Ooni of Ife, Oba Adeyeye Enitan Ogunwusi Ojaja II, as the royal father of the day; the Managing Director, Starling Global and Ideal Limited, Dr Muritadha Adeyemi Adeniji, chairman of the occasion; and the OAU Vice Chancellor, Professor Adebayo Simeon Bamire, as the host. Others expected at the reunion include Professor Yusuf Olaolu Ali, SAN; Vice-Chancellor of the University of Ilorin, Professor Wahab Egbewole, SAN; Vice-Chancellor of Summit University, Offa, Professor Musa Aibinu; and the Vice-Chancellor of the Federal University of Health Sciences, Ila Orangun (FUHSI), Professor Akeem Lasisi. The conference, the statement said, would kick off with a Jumat service today to be led by the Chief Imam of OAU, Professor Abubakar Sanusi, followed by a courtesy call on the Vice Chancellor of the institution and networking dinner featuring UNIFEMGA Investors Forum 2.0, to be hosted by the chairman of the association's Board of Trustees and Pro-Chancellor of the Summit University, Offa, Alhaji Rafiu Ebiti. Other slated events include the UNIFEMGA Investors' Forum which offers entrepreneurs a platform to pitch their businesses to potential investors. 'The reunion activities will also include a reception for all delegates, students' picnic, presentation of scholarship grants, Annual General Meeting, students empowerment programme, keep-fit exercises and novelty matches among branches,' the statement said. Reflecting on the uniqueness of the reunion, UNIFEMGA National President, Alhaji Mohammed Buari, noted its alignment with the commencement of his tenure, expressing optimism that all delegates would have a fun-filled conference. 'With over 300 delegates, including those from the Diaspora already registered, the 2025 national reunion conference promises to be a gathering of minds committed to progress and unity,' the statement added.
