NEW
YORK, May 23, 2024 /PRNewswire/ -- Global B2B
cross-border trade payment platform XTransfer has recently been
granted payment licenses in three US states: Delaware, Florida, and Colorado.
"We are excited to achieve this milestone. Securing these
licenses is a big step in our strategic global expansion,
especially in North America. This
means we can support even more secure, straight through, effective
payment solutions for local customers, " said Alice
Yao, CRO and Co-Founder of XTransfer.
XTransfer's global financial infrastructure and platform offers
payment solutions for small and medium-sized enterprises (SMEs)
engaged in international trade, providing them with secure,
compliant, fast, and cost-effective cross-border local payment
services. Obtaining regulatory approval in the United States underscores XTransfer's
commitment to providing robust cross-border financial and risk
management services."To better address the pain points encountered
in cross-border transactions between China and US, our team will work towards
expanding local collection services." she
added.
XTransfer is poised to broaden its payment license footprint and
financial institutions partnership across the US and other
strategic markets, especially in Europe, Middle
East and South East
Asia.
Actually, early in 2017, XTransfer began its collaboration with
esteemed financial institutions like JP Morgan, Deutsche Bank, DBS
and VISA etc. These collaborations have
been instrumental in delivering secure and user-friendly
cross-border financial services to SMEs on a global scale. These
partnerships have laid a solid foundation for extending payment
services to American businesses.
Also, XTransfer's US launch is
on the way, and in June, the company will participate in the
prominent Expo Electrica in Mexico, signaling a proactive approach to
expanding its presence in the Americas.
More information about XTransfer
Founded in 2017 and headquartered in Shanghai, XTransfer has established a robust
international presence with branches in Hong Kong, China, the United Kingdom, the
Netherlands, the United
States, Canada,
Japan, Australia, and Singapore. The company currently holds local
payment licenses in Hong Kong,
China, the United Kingdom,
the United States, and
Canada.
By cooperating with well-known multinational banks and financial
institutions, XTransfer has built a unified global multi-currency
clearing network and built a data-based, automated, Internet-based
and intelligent anti-money laundering risk control infrastructure.
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.
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SOURCE XTransfer