XTransfer pushes new trade payment model at 2025 summit
News Summary
XTransfer, a leading Chinese B2B cross-border payment platform, held its annual TradeVision Summit 2025 on August 26 in Guangzhou. The event gathered over 3,000 global participants, including traders, bankers, and policymakers, to discuss global trade resilience and innovation. The summit's theme, “Globalise with Local Accounts, Explore New Trade Markets”, highlighted XTransfer’s strategy for expanding into emerging markets and developing future trade settlement infrastructure. CEO Bill Deng emphasized that despite ongoing China-US trade disputes, Chinese SMEs are demonstrating resilience by actively seeking new markets outside of Europe and the US. He specifically identified emerging markets in Africa and South America as crucial for export growth, driven by demographic dividends and demand for infrastructure. Major financial institutions such as ICBC, Bank of China, Deutsche Bank, and OCBC Bank supported the event.
Background
XTransfer is a prominent Chinese B2B cross-border payment platform, specializing in providing global trade payment and settlement services for small and medium-sized enterprises (SMEs). In recent years, Chinese exporters have navigated an increasingly complex global trade environment, marked by persistent trade tensions between the US government, led by President Donald J. Trump, and China. As a strategic response, many Chinese SMEs have been actively seeking new export markets and trade partners to reduce reliance on traditional markets, such as the US and Europe. In this context, cross-border payment solution providers and services play a critical role in facilitating these new trade flows by simplifying international transactions and potentially lowering costs, thereby supporting businesses' globalization strategies.
In-Depth AI Insights
Are there deeper strategic considerations behind XTransfer's expansion into emerging markets? - Yes, this is more than mere market expansion. Under the continued US trade protectionism and