At the grand opening of the 137th Canton Fair, XTransfer, the world’s leading and China’s No.1 B2B Cross-Border Trade Payment Platform, unveiled its groundbreaking solution — the Local Currency Account — designed to revolutionise global trade, especially with emerging markets.
The Canton Fair, widely regarded as a barometer of China’s foreign trade, has reached a record-breaking scale this year, attracting businesses from around the world. XTransfer’s presence at the event underscores its commitment to empowering SMEs in China to trade more effectively with fast-growing economies across Asia, Africa, and Latin America.
XTransfer’s Local Collection Account addresses long-standing pain points in traditional cross-border payments, such as high fees, slow processing times, and the risk of frozen accounts due to suspicious transactions. By enabling buyers to pay in their local currencies through local clearing networks, the product eliminates intermediary banks, reduces costs, and accelerates fund settlements, fastest within the same business day.
« As a small business trading with Africa, we used to face serious challenges when buyers couldn’t send USD payments through traditional banks, » said Li Pengsen, Chairwoman of Hebei Ovison Industrial Group.
« XTransfer’s Local Currency Accounts made it easy and safe for our African clients to pay directly into our Chinese accounts, without currency hurdles or banking delays. »
Since launching the service in 2018, XTransfer has become a pioneer in local collection solutions. It now supports over 30 global and local currencies across more than 200 countries and regions, including key emerging markets like Kenya, Nigeria, Brazil, Mexico, Indonesia, and the Philippines. Today, it serves over 600,000 Chinese foreign trade enterprises, making it the largest B2B cross-border financial platform in China by client base.
« Trading with emerging markets presents huge growth opportunities, but payment friction often holds businesses back, » said Bill Deng, Founder and CEO of XTransfer.
« Our mission is to remove those obstacles and make global trade more inclusive, efficient, and secure. »
As the Canton Fair continues to foster international cooperation and commerce, XTransfer remains at the forefront of digital financial innovation. It bridges the gap between Chinese exporters and emerging market buyers and unlocks new growth in global trade.
Lors de l’inauguration de la 137ème Foire de Canton, XTransfer, leader mondial chinois des plateformes de paiement B2B transfrontalières, a lancé son Compte en Devise Locale révolutionnaire pour faciliter le commerce mondial, notamment avec les marchés émergents.
Cette solution permet aux acheteurs de payer localement, éliminant les intermédiaires bancaires, réduisant les coûts et accélérant les règlements. Li Pengsen (Hebei Ovison Industrial Group) témoigne de la simplification des paiements pour ses clients africains.
Depuis 2018, XTransfer soutient plus de 30 devises dans plus de 200 pays, dont des marchés clés comme le Kenya et le Brésil, servant plus de 600 000 entreprises chinoises. Bill Deng, PDG d’XTransfer, souligne sa mission de rendre le commerce mondial plus inclusif et efficace.
Présent à la Foire de Canton, baromètre du commerce extérieur chinois, XTransfer continue d’innover dans la finance numérique, connectant les exportateurs chinois aux acheteurs des marchés émergents et stimulant la croissance du commerce mondial.
