XTransfer, China’s leading B2B cross-border trade finance platform, announced a major milestone in its globalization journey at the Future Trade Conference 2025 in Guangzhou. Themed “Connecting Global Trade with Local Accounts: Unlocking New Horizons,” the conference gathered over 3,500 industry professionals, including more than 300 international traders.
During his speech, Bill Deng, Founder and CEO of XTransfer, highlighted that developing markets present the next wave of opportunity for Chinese exporters. “Expanding into emerging markets through localized operations is the only way forward for the future of foreign trade,” Deng emphasized.
Milestones in Global Expansion
Over the past year, XTransfer has accelerated its international footprint:
Global client base surpasses 700,000, with overseas enterprises accounting for 47%.
AI-driven compliance has raised seamless risk-control approval rates from 96% to 99%, enabling the vast majority of users to complete transactions without disruption.
Multiple payment licenses secured in the Netherlands, mainland China, and other markets, enhancing global compliance coverage.
XTransfer also released its X-Net White Paper, outlining its vision to co-develop global standards in B2B cross-border payment risk control alongside financial institutions and regulators worldwide.
New Growth Opportunities in Emerging Markets
Despite global trade turbulence in recent years, XTransfer data indicates Chinese exporters are reducing reliance on the U.S. market. Transactions with U.S. buyers fell from 22% in 2018 to just 9% in 2025, reflecting a strategic pivot toward emerging economies.
The July XTransfer PMI Index revealed:
Africa recorded the highest export PMI, with Ghana and Nigeria leading growth.
Exports of the “New Three” – lithium batteries, new energy vehicles (NEVs), and solar cells – are booming, with Southeast Asia, Europe, Latin America, and Africa all serving as key destinations.
Southeast Asia, particularly Vietnam, Thailand, and Malaysia, is showing strong demand for NEVs and batteries.
These trends underscore the vast opportunities for Chinese SMEs in developing economies.
Local Currency Account: Addressing Core Pain Points
In 2025, XTransfer launched its “100 Channels Initiative” to expand settlement infrastructure worldwide. Through its localized account network, SMEs can now receive payments in local currencies across 80% of global markets, including Africa, Southeast Asia, Latin America, the Middle East, Europe, and North America. Funds are settled same-day, without intermediary bank fees.
Behind this service is XTransfer’s robust AML and compliance framework. Over the past year, the company helped 7,445 clients identify 10,027 potential risks, preventing US$473 million in losses. Its risk management system integrates customer onboarding, transaction monitoring, and automated compliance checks, setting a benchmark for cross-border B2B trade safety and efficiency.
Building the Future of B2B Trade Infrastructure
With more than eight years of accumulated expertise and vast user data, XTransfer has established a global, standardized, and replicable risk control system. By combining AI, automation, and a dedicated compliance team, the company significantly reduces operational costs while enhancing accuracy and user experience.
Looking ahead, XTransfer aims to make cross-border B2B payments as seamless as domestic transfers on Alipay or WeChat Pay. Through its role as infrastructure builder, standard setter, and trusted partner, XTransfer is committed to helping millions of SMEs navigate the new era of global trade.
