XTransfer, a B2B cross-border payment platform, Singapore Fintech Festival (SFF) 2024 As a gold sponsor.
The company aims to expand its presence in Southeast Asia and provide secure and efficient payment solutions to small and medium-sized enterprises in the region.
XTransfer CEO Bill Deng spoke at several panel discussions and explored cooperation with international financial institutions.
Earlier this year, XTransfer made significant progress in ASEAN, including executing Thailand’s first overland Thai Baht transaction under revised regulations.
The initiative, driven by Deutsche Bank, allows Thai buyers to make payments locally through PromptPay, which is seamlessly translated for exporters.
XTransfer was also received Approval in principle Obtained a major payment institution license from the Monetary Authority of Singapore in July.
Once this license is completed, the company will be able to offer comprehensive e-business wallet services tailored to small and medium-sized businesses.
These include seamless account opening, top-up options, efficient currency exchange, and streamlined cross-border fund collection and payment solutions.
“We are very happy to be a part of the Singapore FinTech Festival.
In the future, we hope to serve SMEs in Singapore and expand into the ASEAN region, leveraging technology to enable SMEs to participate effectively in global trade and strengthen their international competitiveness. I am. ”
Bill Deng, founder and CEO of XTransfer, said:
Featured image credit: Edited from freepic
